BUSINESS

Cyprus president says no danger of Greece leaving eurozone

TAGS: Economy, Politics

The president of Cyprus says he sees no risk of Greece being forced out of the group of countries that use the euro as their currency.

Nicos Anastasiades said Thursday talks between Greece and its creditors are ongoing and that it would be in no ones interest for Greece to leave the eurozone.

Cyprus, which last month successfully emerged from its own three-year, 10 billion ($11.36 billion) rescue program, took a huge hit from Greece’s economic woes because of its once-close banking and financial ties to the country.

Negotiators from European Union institutions and the International Monetary Fund are meeting with Greek officials to discuss social security reforms that have triggered strong opposition in the country.

[AP]

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