Cypriots Hope Tourism Will Be Economic Buoy

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BY JAMES ANGELOS
LIMASSOL, Cyprus—Cyprus’s financial crisis is barely perceptible from the beach in this resort city on the sunny southern coast, where foreign tourists stroll along the shore relatively unscathed by the nation’s troubles.
But under the surface tranquillity, many Cypriots fret that the nation’s crisis will not only imperil its ability to draw foreign depositors and businesses, but could also deal a blow to another pillar of the economy: foreign tourism.
Direct revenue from tourism accounts for about 10% of the island’s gross domestic product, according to government estimates; the industry says the indirect contribution is far larger. Last year, Cyprus …
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