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Cyprus News Agency: News in English, 12-12-05

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

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


CONTENTS

  • [01] Omirou: It is time to assume, not to disclaim, responsibility

  • [01] Omirou: It is time to assume, not to disclaim, responsibility

    It is time to assume and not to disclaim responsibility, House President Yiannakis Omirou said on Wednesday , commenting on Tuesday's message by President Demetris Christofias, to the people of Cyprus on the agreement reached between the government and its international lenders (IMF, EC, ECB) on the loan Memorandum.

    "This time is a time for assuming not disclaiming responsibility", said Omirou asked about Tuesday's presidential message to the people, upon his arrival at Larnaka Airport after a visit to Lebanon.

    In his message President Christofias said that the Government "have never claimed infallibility," adding that "this however cannot be an excuse for blaming everything on the President and the Government". He noted that especially on the issue of the banks, according to the EU Directive, the sole responsibility for the supervision and regulation of the banking system rests with central banks and not with governments.


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