Wednesday, August 19, 2009

Single central bank and euro currency key to economic solution

"Single central bank and euro currency key to economic solution
By Patrick Dewhurst

GREEK CYPRIOT and Turkish Cypriot businessmen have agreed that Europeanisation of the island is the key to economic aspects of the Cyprus solution.

The Island-wide implementation of the EU’s legal system, the acquis communautaire, the euro currency and a single central bank are essential for the Cyprus solution, said Andreas Pittas, President of the Cyprus Employers and Industrialists Federation (EOB)

In an interview with Cyprus News Agency (CNA) he stressed that these should be considered prerequisites as far as the economic aspects of the Cyprus question is concerned."

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