|
|
|
Cyprus PIO: News Update in English, 04-01-15
From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>
[01]Thursday, 15 January 2004 Finance Minister: Cyprus solution will have a
great financial cost
[02] Irish EU Presidency urges all parties to demonstrate their commitment
to a Cyprus settlement
[01] Finance Minister: Cyprus solution will have a great financial
cost
The Minister of Finance Mr Marcos Kyprianou said yesterday, after a meeting
of the Council of Ministers, that an analytic report is being prepared by a
team of international experts on the financial cost of a Cyprus settlement,
which will be handed to the President of the Republic in the next few
weeks. The Minister explained further that the report will not simply deal
with the cost of the solution but also with the more general problems of
how the federal state and the composite states will define and implement
the economic policy and how they will operate on issues of macroeconomic
policy, monetary policy etc. The report will make comparisons with other
systems and show how the federal Republic should operate effectively. Mr
Kyprianou stressed that the cost of the solution will be great, not only in
relation to the operation of the new state but also in relation to the
financing of the solution, in view of the reconstruction, the creation of
new infrastructures, the repairs, the new structures etc. The whole cost
cannot be covered by the new federal state and therefore foreign aid will
be needed to assist in the funding of the solution, he said. Invited to
comment on a report prepared by the Planning Bureau last March on the cost
of the solution, Mr Kyprianou said that the particular study was used as a
guiding tool for the Greek Cypriot side in the negotiations at The Hague.
The study was confined to stating the problems of the Annan Plan and the
financial cost of the solution, he said, whereas the Experts Report will go
a step further to offer specific suggestions on the operation of the
federal state and comparisons with other federal states.
[02] Irish EU Presidency urges all parties to demonstrate their commitment
to a Cyprus settlement
Ireland's Prime Minister Mr Bertie Ahern, whose country currently holds the
Presidency of the European Union Council, presented yesterday at the
Plenary of the European Parliament the Irish Presidency's programme for the
next six months. In his address Mr Ahern referred to Cyprus and said he was
convinced that the accession of Cyprus continues to provide the context for
a comprehensive settlement, which would enable the accession of a united
island on the 1st of May.
He welcomed the signs of progress in recent days and stressed that the
Irish Presidency will support the central role of the United Nations
Secretary-General in this process. Concluding, he urged all parties in the
period ahead to demonstrate conclusively their commitment to negotiating a
settlement on the basis of the UN Secretary-General's proposals.
From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/
|
