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articles | 16 July 2015

EC’s Juncker praises Cyprus’ recovery after bailout

President of the European Commission Jean-Claude Juncker recently paid tribute to Cyprus and its people for their commitment to the programme for the recovery of the island's economy.

Juncker noted that “tough decisions and commitment paid off in Cyprus, as they did in Ireland, Portugal and Spain,” and expressed the hope that “others will take note”.

In statements after his meeting in Nicosia with President Anastasiades, Juncker, who was paying a two-day official visit to the island, said that “Cyprus found itself in a difficult economic position in 2013 but the Cyprus I am visiting today is very different. The economy is beginning to grow, the financial sector has stabilised and you are again ready to take advantage of the opportunities of the future,” he noted.

Source: CNA

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