Cyprus pulls back from abyss after traumatic bailout

Two years after its failing banks nearly pushed cash-strapped Cyprus over the edge, sending shockwaves through the eurozone, the country has pulled back from the abyss, saved by painful austerity and a multi-billion euro rescue package. Indeed, Finance Minister Harris Georgiades says the economy is responding so well to adjustments that accompanied the European Union/IMF bailout that Cyprus may not need to draw the full 10 billion euro ($10.6 billion) loan. He did not give a figure, but the EU r