President of the Republic of Cyprus Nicos Anastasiades and Finance Minister Harris Georgiades announced Monday Cyprus’ exit from the its economic adjustment programme, which was approved by a Eurogroup meeting in Brussels.
“The last Eurogroup on Cyprus’ memorandum. Three years of work and consistency. We continue the serious effort” wrote President Anastasiades on his personal account on twitter.
“Cyprus has exited the Memorandum”, said Finance Minister Harris Georgiades Monday from Brussels, after the Eurogroup meeting that discussed Cyprus’ programme.
He warned however that the serious effort must be continued with credibility, away from irresponsible approaches, populism and the mistakes of the past.
Lagarde congratulates Cyprus on the end of the financial assistance program
Managing Director of the International Monetary Fund (IMF) Christine Lagarde issued Monday a statement on Cyprus’ decision to exit IMF’s Extended Fund Facility (EFF) arrangement as from Monday March 7, where she congratulates the people and the Government of Cyprus.
“I have received a letter from Mr. Harris Georgiades, the Minister of Finance for Cyprus, informing me of his government’s decision to cancel the Extended Fund Facility (EFF) arrangement, effective March 7, 2016.
(source: CNA)
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