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Cyprus government monitors closely developments in Greece

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Cyprus government monitors closely developments in Greece

Nicosia is monitoring closely developments in Greece, and believes firmly that the country must stay in the Eurozone.

The government also assures that all necessary measures have been taken, in order to avert any possible fallout on the Cypriot economy.

Speaking to the Cyprus News Agency, Government Spokesman Nicos Christodoulides has said that during the recent European Council, on Thursday and Friday, in Brussels, President Nicos Anastasiades has strongly supported the position of the Greek government, doing everything possible towards this direction, either through his intervention at the Summit or by undertaking initiatives.

The decision to hold a referendum on the Greek bailout deal offer is a matter of the Greek government and the Greek people, Christodoulides stressed.

Referring to the upcoming Eurogroup, later on Saturday afternoon, he noted that “we need to wait and see the results of this meeting.”

He added that for Cyprus it is important that developments lead to a state of play, where Greece remains part of the Eurozone, pointing out that this favours Europe, Greece and the Greek people.

Asked about possible risks a Grexit might pose for Cyprus, Christodoulides said that the government of the Republic of Cyprus is hoping against such a development.

In any case, he added, the Cypriot government wants to assure everybody that all necessary measures have been taken, in order to avert any possible concerns about the Cypriot banking system and the local economy in general.

Christodoulides dismissed reports claiming that Greek Premier Alexis Tsipras had informed President Anastasiades about his intention to call a referendum or early elections.

Asked about the new meeting President Anastasiades and the Turkish Cypriot leader Mustafa Akinci will have on Monday, in the framework of UN-led talks for a comprehensive Cyprus settlement, the Government Spokesman said the two leaders are expected to start with comprehensive cross-talks on three chapters of the Cyprus issue, namely governance, property and the criteria for a territorial settlement.

Negotiations to reunite Cyprus, divided since the 1974 Turkish invasion, resumed in mid May between the leaders of the island`s two communities, President Anastasiades and Mustafa Akinci.