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Government rules out exit from Eurozone and EU

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Government rules out exit from Eurozone and EU

The Cyprus government and the President of the Republic rule out the country’s exit from the Eurozone and the EU, Government Spokesman Stephanos Stephanou said earlier today.

In a written statement, Stephanou also noted that the government applied for financial assistance from the EU bailout mechanism, adding that negotiating with the Troika (European Commission, ECB, IMF) is a priority now, in order to attain the best possible bailout terms, defend worker’s gains and safeguard the perspective of the country’s economy.