Parliament is expected to vote through a controversial privatisation bill today as international lenders warn Nicosia that another ‘no vote’ will see the cash line cut.
After the government made amendments to the bill and resubmitted it to parliament last Friday, enough rebel Diko MPs are expected to toe the line this time around.
Last week, the bill failed to pass after a 25-25 cliffhanger vote that saw five Diko MPs abstain only hours after the party decided to split from the government.
Energy Minister George Lakkotrypis did not mince his words when he told the ‘Cyprus Daily’ yesterday that the country must send out ‘serious stability and continuity signals’ in the face of political turmoil over the privatisation bill and Troika reform programme.
He said that the 10 days leading up to the President Anastasiades’ reshuffle decisions are crucial for his agenda at the ministry as he needs to handle urgent issues and settle major matters of substance that have to do with energy commitments in the coming months.
Lakkotrypis – who has walked out of former coalition partner Diko – is expected to stay in his key post but says he will respect the president’s decision if he is replaced.
The minister said he will shall remain on standby to assist the new minister, as many of the energy issues, partly depend on inter-personal relationships with his foreign counterparts.
He has also urged Diko leader Nicolas Papadopoulos to tone down his attacks on the government because it is sending negative signals to the outside world and could affect investment in Cyprus.