Cyprus will stand by Greece at the Eu­rogroup

Financial Mirror (Cyprus) - - FRONT PAGE -

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.”

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