The President of the Republic of Cyprus, Nikos Anastasiadis, gave an interview to the Greek newspaper "TO VIMA" on the occasion of his official visit to Athens.
The red line for Mr. N. Anastasiadis is the rescue of the economy of Cyprus. "We will fight to prevent more unfavorable developments and what matters is the creation of conditions for immediate development," the Cypriot President stressed in an interview with Vima tis Kyriakis.
It outlines its immediate moves to restart the economy and end uncertainty, and notes that the governments of Cyprus and Greece are required to work together to coordinate their actions for better results.
"We are going through a difficult time and the maximum degree of cooperation is required to face the challenges of the economic crisis together, because most issues directly affect both countries. The economies of Cyprus and Greece are communicating vessels. There is a two-way banking activity with the strong presence of our banks in both countries.
It is imperative that the two governments work together and coordinate in order to have the best possible results. "
Asked how he felt about the economic collapse of Cyprus, he replied: "It is a combination of factors, external and internal, but the main problems were the poor fiscal discipline and the consequences of the haircut of Greek bonds, which I would say has not been the best handled by us within the European institutions.
In addition, there was an allegory, timidity and lack of determination of the previous government in dealing with the problems, which swelled and we reached the point where we have to make difficult decisions. "
Source: Newsbeast.gr