It is clear none of the communities will have to pay the debts of the other, President Nicos Anastasiades said about the cost and economics of a Cyprus solution, in statements on Friday.
Speaking at the Presidential Palace he mentioned that none of the states, which will come out of a federal Cyprus solution, will be expected to pay any debts that could occur in the other state.
MOTHER AND CHILD TO FIGURE IT OUT ON T/C DEBT
The President said that the Greek Cypriot position is that financial debt is exclusively an issue of Turkey and the Turkish Cypriots.
“The Mother country and the child will figure it out. And they will not pressure anyone to pay their debt,” the President said.
Anastasiades has said that it is baseless and unacceptable to say that the Greek Cypriots should pay.
COVERING THE COST OF A SOLUTION
The President has said that for the first time in history the IMF has involved itself in researching the functional costs and economic data.
The World Bank, he added, is studying the property data and is collecting the specific data.
Anastasiades has also said that the EU and the UN have already started to work systematically on the economy chapter of a Cyprus solution.
“I have spoken with the UN Secretary General on creating a fund and not having shareholders to cover the cost of a solution from the first day. There are studies being conducted to have the data for the cost of a solution, which will include the functional costs,” he said.
He added that the fund that will be established should be ready after the proposal of a solution is made.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
