Cyprus will stand by Greece at the Eurogroup
Finance Minister Harris Georgiades told foreign investors on Tuesday that Cyprus will support Greece at the special Eurogroup meeting in Brussels on Wednesday.
In statements at the Cyprus Investors Summit 2015 in Limassol, Georgiades said that Greece is in a difficult position and Cyprus will support “the necessity of creating a prospect.”
No country should find itself both excluded from international markets and a bail-out programme, he added.
We should prevent this eventuality through the Eurogroup meeting and Cyprus’ efforts will focus in that direction, Georgiades said.
He also noted that the best way to rid Cyprus from the Troika of international lenders is restoring its access to the international markets “a goal which is absolutely within reach and feasible for Cyprus.”
Commenting on privatisations Georgiades said “the government does not consider them largely as a revenue-raising tool, but rather as a very concrete and tangible reform which will attract foreign investments to our economy that we need.”