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Cyprus News Agency: News in English, 08-10-24

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] PRESIDENT CHRISTOFIAS ASIAN EUROPE MEETING - INTERVENTION
  • [02] CHRISTOFIAS VICE PRESIDENT OF CHINA - MEETING
  • [03] CYPRUS FM LONDON - MARSEILLE
  • [04] AUSTRALIAN FM VISIT - CYPRUS

  • [01] PRESIDENT CHRISTOFIAS ASIAN EUROPE MEETING - INTERVENTION

    The recent financial crisis, which had its origins in the USA and was gradually disseminated to Europe and the rest of the world calls for a quick, comprehensive and coordinated action at the global and regional level, Cyprus President Demetris Christofias has said in his intervention in the framework of the 7th Asian Europe Meeting.

    According to an official press release issued here, President Christofias speaking during the discussion of the issue relating to the international economic and financial situation pointed out that Asia Europe Meeting offers an appropriate forum to coordinate our actions with our partners in Asia, in tackling effectively the financial crisis and limiting its impact on the real economy.

    In this respect, the role of China and India, and other Asian countries is of continuously rising significance in shaping the whole economy and their involvement in the concerted effort to deal with the crisis is a sina qua non, he added.

    Referring to the Cyprus system of the mixed market economy, President Christofias noted that this system creates conditions of enhanced economic and social stability.

    We do enjoy conditions of labour peace and economic stability over the past decades due to the fact that we followed a mixed system and not adopted the call for deregulation in laissez-faire, that is a market economy ruled simply by the invisible hand, he said and added:

    The Cypriot banks and co-operative credit institutions do not have an exposure to toxic products, and are sound as they are characterized by a relatively high liquidity and profitability, whereas their funding is mainly deposit-based. Christofias stressed that the recent crisis must become a bitter lesson on how the markets are functioning. Otherwise, the cycle of the crisis will be repeated causing more catastrophic consequences, he concluded.

    The two-day ASEM that began today has attracted leaders and delegates from 45 Asian and European countries and organisations.

    [02] CHRISTOFIAS VICE PRESIDENT OF CHINA - MEETING

    Cyprus President Demetris Christofias has expressed the belief that the Peoples Republic of China as a permanent member of the UN Security Council, will continue to maintain the same position of principles to avert interventions on the part of Turkey against the Republic of Cyprus. Christofias was speaking during a meeting he had in Beijing with the Chinese Vice President Xi Jinping whom he briefed on the latest development in the Cyprus question. On his part, the Vice President of China referred to the long standing and clear position of China on the Cyprus question, adding that his country supports a settlement on the basis of the UN Security Council resolutions. According to an official press release issued here, Christofias who is in China to attend the 7th ASEM Summit (Asia-Europe forum), noted the excellent and constantly developing relations between Cyprus and China, underlying the mutual solidarity between the two countries.

    [03] CYPRUS FM LONDON - MARSEILLE

    Marcos Kyprianou, Cyprus Foreign Minister departs on Monday for London, where he will be the key speaker at a dinner organized by the Greek Cypriot Brotherhood to honour Cyprus Independence Day. The dinner will be attended by British Members of the Parliament and the European Parliament, and will take place at the House of Commons.

    According to an official press release, issued here today, Kyprianou will hold meetings with British Foreign Minister David Miliband, the Shadow Foreign Secretary William Hague, and the Member of the Parliament Theresa Villiers.

    From London, Kyprianou will fly to Marseille, where he will participate in the Euro-Mediterranean Conference of Ministers of Foreign Affairs for the Barcelona Process: Union for the Mediterranean, which will take place on November 3 and 4.

    [04] AUSTRALIAN FM VISIT - CYPRUS

    Australian Minister of Foreign Affairs Stephen Smith will visit Cyprus on October 27. A press release issued by the Australian High Commission to Cyprus, notes that this will be Smith`s ``first visit as Foreign Minister and reflects the importance Australias attaches to supporting the renewed United Nations efforts to resolve the long running Cyprus dispute.``

    Smith will be received by the Cyprus President Demetris Christofias and his Cypriot counterpart Marcos Kyprianou, with whom he will discuss the progress of settlement negotiations and the Australian Governments commitment to bring a new era to Australias relationship with the EU.

    Smith will meet Taye-Brook Zerihoun, Chief of Mission for the United Nations Force in Cyprus (UNFICYP) to discuss the UNs operations and will visit the Committee for Missing Persons forensic laboratory and view the division of the island during a Green Line inspection.


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