Cyprus president warns of 'difficult days ahead'

NICOSIA: Cypriot President Nicos Anastasiades warned on Wednesday of "difficult days ahead" as he swore in a new finance minister for an island struggling to recover from a near financial meltdown and the need for a crippling eurozone bailout.

Cyprus races to avoid financial collapse

Politicians in Cyprus and European officials were engaged in emergency talks Wednesday to head off the financial collapse of the beleaguered island nation.