04 March 2014 11:37

Energy Minister George Lakkotrypis is deeply disturbed by all the negative repercussions that the privatisation crisis is having for the country’s credibility and continuity in its international commitments.
As he told the Cyprus Daily in an interview, he is not referring to popular reaction about the bill, which is the employees’ right, but the way in which the issue is being politically debated in public and its outcome.
“We need to send out stability signals and regain our composure and balance,” Lakkotrypis said after taking a ‘personal decision’ to leave Diko, the party that proposed him for a cabinet position.
The minister says that the 10 days leading up to the Presidents’ reshuffle decisions are crucial for his agenda at the ministry.
“I need to handle urgent pending issues and settle major matters of substance that have to do with energy commitments and processes in the coming months.”
He speaks of restoring the lost balance at the ministry in the most sensitive of times. Lakkotrypis will abide President Anastasiades decision with respect whatever it may be.
And if he finds himself outside the cabinet, he shall remain on standby for assistance to the new minister, as many of the energy issues, partly depend on inter-personal relationships.
Moreover, the current instability is ‘causing some concern’ to international players and investors- - both companies and governments -- that are in partnership with Cyprus in the energy sector and are monitoring developments.
Nicosia is trying to juggle company interests with that of other government’s in the region, plus Turkey’s hostility toward exploitation of the island’s energy riches.
Lakkotrypis has spoken to Diko leader Nicolas Papadopoulos urging for the need to tone down ‘explosive’ comments and keep a composed profile on the home front.
He also takes note of a ‘disturbing’ Financial Times article on Cyprus that projects extremely negative signals for the country’s economic stability.
“It connects the rejection of the privatisation bill with the possibility of derailment from the country’s memorandum targets and a destabilisation of a government in reshuffle mode.”
He said Cyprus needs to be aware that the international community is watching the way in which political and economic developments are unfolding and how they form impressions that might lead to negative conclusions -- not necessarily the right ones --but detrimental nonetheless.
As a matter of principle, his line is to wait for the Presidents’ decisions and until that time, attend to the need of re-establishing a sober state of affairs in the energy sector.
“Certainty a government in action is what the country has to project at the moment.”


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