0
"If the Greek Cypriots had approved the U.N. reunification blueprint in 2004, they would be spared of their recent economic woes" said EU Minister Egemen Ba, an outspoken critic of Greek Cyprus' membership to the EU. AA photo
Turkey would support an eventual transition to the use of the Turkish Cyprus Lira in Greek Cyprus, the currency in the northern part of the island, should Greek Cyprus be forced to exit the eurozone, EU Minister and Chief Negotiator Egemen Ba said, March 22.
The minister, speaking at an event in Istanbul, argued that if the Greek Cypriots had approved the U.N. reunification blueprint in 2004, known as the Annan Plan, it would have been spared its recent economic woes. Nicos Anastasiadess government is paying the price of the [previous] leadership and trying to put the pieces back together. Its not proper to kick someone when they are down. God save them, he said, referring to the fact that Anastasiades had supported the reunification plan when it was voted on, nine years ago.
The European Union has given Nicosia until March 25 to raise 5.8 billion euros ($7.47 billion) to unlock loans worth 10 billion euros or face being cut off from the European Central Bank emergency funding in a move that would bankrupt the island. Turkey is also on alert for the long term knock-on effects that such a bailout could entail for Europe.
Meanwhile, the northern part of the island is following closely the developments in Greek Cyprus. Turkish Cyprus Finance Minister had said last week that if Greek Cypriot banks went bankrupt, Greek Cypriots might open accounts in Turkish Cypriot banks.
Bookmarks