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Cyprus News Agency: News in English, 13-03-26
CONTENTS
[01] ECB member: Crisis in Cyprus is unique
[02] Agriculture Minister: local produce should be supported
[03] German MEP: Cyprus has been treated as a country of serial killers
[01] ECB member: Crisis in Cyprus is unique
The banking crisis in Cyprus was a unique case and the rescue plan used
should not be seen as a model for other European countries that fall
into trouble, ECB Executive Board member Benoit Coeure said on Tuesday.
According to Reuters, Coeure told Europe 1 radio that the bailout agreed
for Cyprus underscored the need to improve bank regulation by having
the European Central Bank act as an independent supervisor under plans
for a European banking union.
He said he disagreed with Eurogroup head Jeroen Dijsselbloem`s assertion
that the Cyprus bailout would serve as a model for crises elsewhere.
[02] Agriculture Minister: local produce should be supported
Agriculture, Natural Resources and the Environment Minister Nicos
Kougialis has stressed that the local agricultural and farm produce
should be directly supported through specific proposals and measures
until the situation on the island returns to normal.
Kougialis was speaking during a meeting with representatives from the
poultry, sheep and goat producers as well as pig producers and farmers'
organizations. An official statement said that after the agreement
with Eurogroup and the restructuring of the financial sector that is
underway, the Minister met on Tuesday with the representatives of the
various farmers' associations to discuss the repercussions in the farming
industry and to examine immediate solutions to the problems arising.
[03] German MEP: Cyprus has been treated as a country of serial killers
German MEP of Greek descent and Vice President of the World Hellenic
Inter-Parliamentary Association Jorgo Chatzimarkakis said that Cyprus
has been wounded but it must manage to overcome the obstacles posed
before her by many conflicting interests.
Chatzimarkakis said in a press release that there are long-standing
responsibilities of Cypriot governments for the current situation, adding
that they do not however justify the behaviour of those who are powerful
in Europe and who have treated Cyprus as a country of serial killers
instead of a law-abiding country, which has however made mistakes. He
noted that despite the adverse negotiating conditions, it is important
both for Cyprus and Europe that an agreement has been reached, adding
however that the "haircut" agreed is painful.
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