from the archive · Contemporary era
Nikos Anastasiades
b. September 27, 1946 · politician · lawyer
By The Keeper · Published
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Nikos Anastasiades is a Cypriot lawyer and politician who served as the seventh President of the Republic of Cyprus from 2013 to 2023, the first head of state to win two consecutive terms in the island's modern history. He led the country through a severe banking collapse in 2013, accepting a bailout that imposed losses on large bank depositors, and later presided over an economic recovery driven by tourism and services. As leader of the Democratic Rally party for sixteen years, he took the politically risky step of backing the Annan Plan for reunification in 2004, and as president he pursued United Nations sponsored peace talks that collapsed at Crans-Montana in 2017. His decade in power made him one of the most consequential, and most debated, figures in contemporary Cypriot politics.
Early Life
Nikos Anastasiades was born on September 27, 1946, in Pera Pedi, a small wine producing village on the southern slopes of the Troodos mountains in the Limassol district of Cyprus [1]. The island was then a British crown colony, and his childhood coincided with the final years of colonial rule, the armed campaign for union with Greece, and the negotiated independence of 1960. Growing up in a modest rural household, he attended local schools before moving to Limassol for his secondary education [2].
After finishing school he left for Greece and read law at the University of Athens, a common route for ambitious Greek Cypriots of his generation. He then continued his studies in Britain, completing postgraduate work in shipping law at University College London, a specialism well suited to Limassol, which was already developing into an important maritime and ship management centre [1]. On returning to Cyprus he qualified as a lawyer and in the early 1970s established a legal practice in Limassol, which grew over the following decades into one of the city's better known firms [2].
The defining trauma of his young adulthood was the summer of 1974, when a coup backed by the Greek military junta was followed within days by a Turkish invasion and the de facto partition of the island. Roughly a third of Cyprus came under Turkish control, and the question of reunification would dominate every stage of Anastasiades's later political career [3].
Path to Prominence
Anastasiades entered organized politics through the Democratic Rally (Disy), the centre right party founded by Glafcos Clerides in 1976 in the aftermath of the invasion. He was active in the party's youth wing, serving as its first president, and built a reputation as an energetic organizer in the Limassol district [2]. In 1981 he was elected to the House of Representatives for Limassol, a seat he would hold continuously for more than three decades through repeated re-elections [1].
His rise inside the party was steady rather than sudden. He served as deputy president of Disy before being elected party leader in 1997, succeeding Yiannakis Matsis, and he kept the post until his election to the presidency sixteen years later [2]. Under his leadership Disy consolidated its position as one of the two dominant forces in Cypriot politics, competing above all with the communist rooted Akel party. Anastasiades also anchored the party firmly in the European centre right, and Disy's membership of the European People's Party later brought him a vice presidency of that pan-European grouping [2].
The boldest decision of his years in opposition came in 2004, when the United Nations put the Annan Plan for a federal reunification of Cyprus to simultaneous referendums in both communities. Against the instincts of much of his own electorate, Anastasiades campaigned for a yes vote. Turkish Cypriots approved the plan, but Greek Cypriots rejected it by roughly three to one, and his stance drew fierce criticism at the time [3]. He absorbed the political damage, kept the party leadership, and the episode later shaped his image abroad as a politician willing to compromise on the national question [4].
Presidency and the 2013 Financial Crisis
Anastasiades won the presidency in February 2013, defeating the Akel backed candidate Stavros Malas in a runoff with about 57 percent of the vote, one of the widest margins in the history of Cypriot presidential contests [4]. He inherited an economy in free fall. Cypriot banks, heavily exposed to Greek government debt and swollen far beyond the size of the domestic economy, were effectively insolvent, and the previous government had already requested outside assistance.
Within weeks of taking office he negotiated a rescue package of about 10 billion euros with the European Commission, the European Central Bank, and the International Monetary Fund. The terms were unprecedented in the eurozone: the island's second largest lender, Laiki Bank, was wound down, and uninsured deposits above 100,000 euros at the Bank of Cyprus were converted into equity, a so-called bail-in that imposed heavy losses on large savers, including many foreign account holders [5]. Capital controls were introduced, the first ever inside the euro area, and thousands of Cypriots saw savings frozen or reduced. An initial proposal to tax even insured deposits was rejected by parliament after public outrage, forcing a renegotiation [5].
The medicine was harsh but the recovery came faster than most forecasts. Cyprus exited its adjustment programme in March 2016 ahead of schedule, returned to international bond markets, and posted several years of solid growth on the back of tourism, professional services, and construction [6]. Anastasiades presented the turnaround as the central achievement of his first term, though critics pointed to rising private debt and to a citizenship by investment scheme, expanded during the recovery years, that later drew scrutiny and was eventually abolished in 2020 after reports of abuse [6].
The Cyprus Problem and Crans-Montana
Reunification talks defined the diplomatic agenda of both his terms. Anyone asking who was Nikos Anastasiades as a negotiator usually starts with his relationship with Mustafa Akinci, the moderate Turkish Cypriot leader elected in 2015. The two men, both from Limassol originally, built an unusually warm rapport, appeared together in public, and revived a peace process that had stalled for years [3].
Negotiations under United Nations auspices culminated in a marathon conference at Crans-Montana in Switzerland in June and July 2017, attended by the guarantor powers Greece, Turkey, and the United Kingdom. The talks addressed the hardest questions of the dispute, including territorial adjustments, political equality of the two communities, and the future of Turkish troops and intervention rights on the island. In the early hours of July 7, 2017, the UN Secretary General Antonio Guterres announced that the conference had closed without agreement [7]. Each side blamed the other for the failure, and accounts of what was actually on offer in the final hours remain contested among participants and analysts [3].
No comparably serious negotiation took place during the remainder of his presidency. The election of Ersin Tatar, a supporter of a two state arrangement, as Turkish Cypriot leader in 2020, together with tensions over Turkish drilling in waters where Cyprus had licensed international energy companies, and the partial reopening of the fenced off resort town of Varosha, pushed prospects for a settlement further away [7]. Anastasiades continued to state that a bizonal, bicommunal federation remained the agreed basis for a solution, while his critics at home argued that his own hesitations at Crans-Montana had cost a historic opportunity [3].
Second Term and Later Years
In February 2018 Anastasiades was re-elected, again defeating Stavros Malas in a runoff, this time with about 56 percent, becoming the first Cypriot president to secure a second consecutive five year term [4]. His second administration focused on the natural gas discoveries in the island's exclusive economic zone, where companies including ExxonMobil, Eni, and Total drilled with government licences, and on deepening trilateral partnerships with Egypt, Israel, and Greece in energy and defence [6].
The later years brought serious tests. The Covid-19 pandemic struck the tourism dependent economy hard in 2020, prompting lockdowns and large support programmes. The same year, an undercover report by the Al Jazeera network filmed senior figures appearing willing to assist a fictitious investor with a criminal record in obtaining a Cypriot passport, and the government shut down the citizenship by investment programme within days [6]. An independent inquiry later found that a large share of the passports issued under the scheme had been granted unlawfully, and the affair shadowed the administration's final period, although Anastasiades rejected suggestions of personal wrongdoing [6].
Barred by convention and his own pledge from seeking a third term, he left office on February 28, 2023, handing power to Nikos Christodoulides, his former foreign minister, who had run as an independent and defeated the official Disy candidate [4]. After stepping down, Anastasiades was named honorary president of the Democratic Rally and published his own account of the peace negotiations, continuing to defend his record in the public debate over Crans-Montana [2].
Personal Life
Anastasiades is married to Andri Anastasiades (nee Moustakoudi), whom he wed in 1971. The couple have two daughters, Elsa and Ino, and several grandchildren, and the family has remained closely associated with Limassol, where his legal practice was based [1]. He is a member of the Church of Cyprus, and his public style has mixed formal statesmanship with a reputation for bluntness and flashes of temper in political argument, traits often noted by the Cypriot press [2].
His health drew occasional attention during his presidency. In 2015 he underwent scheduled heart surgery in New York and briefly transferred his duties, returning to work within weeks [4]. Collectors of Nikos Anastasiades facts often note his continuing attachment to his native village: Pera Pedi, with only a few hundred residents, became briefly famous as the birthplace of a serving president, and he returned there regularly throughout his career [1].
Legacy
Assessments of Anastasiades tend to divide along two lines. On the economy, even many opponents concede that the 2013 rescue, however painful, stabilized a country that was days from financial collapse, and that the recovery which followed restored Cyprus's standing with lenders and investors [5]. Among Nikos Anastasiades achievements his supporters also list the development of offshore energy policy, the strengthening of regional alliances in the eastern Mediterranean, and a full decade of governmental stability in a state that had known repeated crises [6].
On the national question the ledger is more contested. He remains the only Greek Cypriot leader to have campaigned for the Annan Plan and the president who came closest to a settlement since 2004, yet Crans-Montana ended in failure on his watch, and rival accounts of his conduct there will occupy historians for years [3]. The passport scandal, meanwhile, attached a lasting question mark to the growth model of his middle years in office [6].
Any balanced Nikos Anastasiades biography therefore records a leader of unusual longevity and tactical skill: a village born lawyer who ran his party for sixteen years, won the presidency twice, steered his country out of a eurozone emergency, and left the Cyprus problem unsolved but not untouched. His ten years at the Presidential Palace in Nicosia made him the longest serving president of the republic since its founder, Archbishop Makarios III, and a reference point, for admirers and critics alike, in every debate about the island's future [4].
Questions & Answers
- When was Nikos Anastasiades born?
- Nikos Anastasiades was born on September 27, 1946, in Pera Pedi, a small village in the Limassol district of Cyprus. At the time of his birth the island was still a British colony, gaining independence in 1960.
- What is Nikos Anastasiades famous for?
- He is best known as the seventh President of the Republic of Cyprus, serving two terms from 2013 to 2023. He led the country through the 2013 banking crisis and eurozone bailout, and he headed the United Nations backed reunification talks that ended without agreement at Crans-Montana in 2017.
- How long was Nikos Anastasiades president of Cyprus?
- He served ten years, from February 2013 to February 2023, winning election in 2013 and re-election in 2018. He was the first Cypriot president to complete two full consecutive terms and chose not to seek a third.
- What happened during the 2013 Cyprus bailout under Anastasiades?
- Weeks after taking office, Anastasiades agreed a rescue package of about 10 billion euros with the EU and IMF. Laiki Bank was closed and uninsured deposits over 100,000 euros at the Bank of Cyprus were converted into shares, the first bail-in of depositors in the eurozone.
- What political party did Nikos Anastasiades lead?
- He led the Democratic Rally (Disy), the main centre right party of Cyprus, from 1997 until 2013, when he became president. After leaving office in 2023 he was named the party's honorary president.
- Who succeeded Nikos Anastasiades as president of Cyprus?
- Nikos Christodoulides, who had served as foreign minister under Anastasiades, won the February 2023 election as an independent candidate and took office on February 28, 2023.
References
Every record in this archive is kept against verifiable sources.
- [1]Nicos Anastasiades. Encyclopaedia Britannica. https://www.britannica.com/biography/Nicos-AnastasiadesWeb
- [2]Nicos Anastasiades: Biography of the President of the Republic of Cyprus. Press and Information Office, Republic of Cyprus. Primary source
- [3]James Ker-Lindsay. The Cyprus Problem: What Everyone Needs to Know. Oxford University Press, 2011. Book
- [4]Cyprus profile: Leaders. BBC News. https://www.bbc.com/news/world-europe-17217956News
- [5]Cyprus clinches last-minute deal to avoid financial meltdown. Reuters, March 25, 2013. News
- [6]Cyprus abolishes citizenship through investment scheme after undercover report. The Guardian, October 13, 2020. News
- [7]Cyprus reunification talks collapse amid angry scenes. The Guardian, July 7, 2017. News
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