NICOSIA President of the House of Representatives Yiannakis Omirou said on Saturday that Troika’s (IMF, European Commission, European Central Bank) demands in the negotiations with the Cypriot Government lead the country’s economy back to “Dark Ages” and will abolish the sovereignty of the Cypriot state.
At the same time he urged the Cypriot President to convene a meeting with the political parties that will decide a political intervention at EU level for this matter.
Omirou said that the reports on the current negotiation give the impression that “Cypriot society is under siege and that there is an attempt for return to economic “Dark Ages”.
"There’s an attempt to abolish the sovereignty of the Cypriot state with specific demands and furthermore there’s an attempt for a complete disintegration and dissolution of the social fabric," said the Speaker.
He added that he was surprised with the fact that the Troika raised an issue of debt cancellation of the Government to the Social Insurance Fund and elimination of any contribution of the State to the Fund, saying that this means bankruptcy for the Fund and abolition of pensions or tripling the contributions to the Fund and overwhelming reduction of pensions.
Omirou said that these demands of the Troika, have nothing to do with the notion of solidarity, a founding principle of the EU which in the case of Cyprus should be stronger, as the country is occupied by Turkey, a candidate country that violates European decisions costing the Republic millions of euros, as the denial of Turkey to open its ports, airports and airspace to Cypriot vessels and aircrafts.
"So where is the European solidarity? We can’t see it, but we see an attempt to exhaust the Cypriot State and to crush the Cypriot society, "he said.
At the same time the House President urge the Cypriot President to convene a meeting with the political parties in order to full update them for the final suggestions of the Troika and to proceed with a political intervention at European level.
The Government of the Republic of Cyprus informed on the 25th of June 2012 the appropriate European authorities of its decision to submit to euro area Member States a request of financial assistance from the EFSF/ESM.
The purpose of the required assistance is to contain the risks to the Cypriot economy, notably those arising from the negative spillover effects through its financial sector, due to its large exposure to the Greek economy. (CNA)