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Cyprus News Agency: News in English, 11-12-19

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

From: The Cyprus News Agency at <>


  • [01] Cyprus contribution to IMF up to 460 mln euro FinMin told CNA
  • [02] Leaders discuss EU matters

  • [01] Cyprus contribution to IMF up to 460 mln euro FinMin told CNA

    Cyprus` contribution to the International Monetary Fund (IMF) will amount approximately to 460 million euro, if these funds are needed for the IMF to financially support Eurozone member states, according to the decisions of the recent EU Summit, Finance Minister Kikis Kazamias told CNA.

    In statements to CNA after the Eurozone and other EU member states Finance Ministers teleconference, held on Monday afternoon with a view to pave the way for the implementation of the recent EU Summit decisions, Finance Minister said that Finance Ministers discussed boosting IMF resources. They also discussed the transformation of the European Financial Stabilization Facility to the European Stability Mechanism, which has been decided to come into force a year earlier in June 2012, instead of June 2013.

    As regards the EU Summit decision to increase the European contributing to the IMF by 200 billion euro, 150 from Eurozone countries and 50 from the other EU member states, Kazamias said that Great Britain has opposed this decision and that it will take its decision in the framework of the G20

    [02] Leaders discuss EU matters

    President Demetris Christofias and Turkish Cypriot leader Dervis Eroglu discussed Monday EU matters, in the context of UN-backed talks for a solution to the Cyprus problem.

    Speaking after the meeting that lasted over an hour, Special Representative of the UN Secretary General in Cyprus, Lisa Buttenhei said the leaders discussed EU matters and clarified their positions in a sincere manner.

    She added that they also exchanged warm holiday wishes and greetings for the New Year.

    I expressed appreciation to the leaders for their efforts in 2011 and that we have a solid basis for the hard work that lies ahead at the start of 2012, leading up to the meeting at GreenTree at the end of January, she said.

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