"No EU role in setting up UNDP Trust Fund for Turkish Cypriots
19/01/2006
www.financialmirror.com
The European Commission is in principle supportive of initiatives aiming to support the economic development of the Turkish Cypriots but dismisses allegations that it played a role in the setting up of the UNDP Trust Fund, established to help the community.
Asked to comment on reports that the Commission played a role in the setting up of the Trust Fund, an EC Representation in Cyprus, press officer told CNA that it was purely “an initiative by UNDP in which neither the EU nor the Commission is playing any role”.
The press officer added that “there is also no link between the setting up of the Trust Fund and the loss of the 120 million euros because of the non approval of the draft aid regulation by the end of 2005”."
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