Thursday May 7, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Turkey warns Cyprus of 'new crisis' if gas revenues included in solidarity fund

Turkey has warned of a new crisis in the eastern Mediterranean if Cyprus proceeds with plans to collateralize future gas revenues as part of a national investment fund aimed at staving off a disorderly default.

Ankara warned that the islands natural resources also belong to Turkish Cypriots and as such could not be included in the package being put together by Nicosia.

The idea of the Greek Cypriot Administration of Southern Cyprus (GCASC) to offer the natural resources of the island as collateral for a solidarity investment fund or any other borrowing scheme to be established due to its current economic crisis, ignoring the inherent rights of the Turkish Cypriots who are co-owners of the Island, is a dangerous manifestation of the illusion of being the sole owner of the Island, which may lead to a new crisis in the region, the Foreign Ministry said in a statement on Saturday.

The Turkish Cypriot side has made two calls of cooperation to the Greek Cypriot side for an equitable sharing of the natural resources, on 24 September 2011 and 29 September 2012. The Greek Cypriot side, however, has not responded positively to these calls up to date. It is not acceptable that the Greek Cypriot side uses the economic crisis it is facing as an opportunity to create new fait accomplish, added the ministry.

Nicosias official position is that natural gas revenues will be shared by all Cypriots but Ankara called for talks on this issue and the matter of reunification to speed up.

It is not our preference that the problem we are facing should lead to a crisis. We sincerely believe that it should constitute an opportunity and a new beginning for peace and a lasting settlement, the Turkish Foreign Ministry said.

The Turkish Cypriots will never become a minority in a Greek Cypriot state. Turkey will not allow this in any way. However, Turkey will respect the preferences of the two peoples on the Island. As this preference could be for establishing a new partnership of which the parameters are well known if the Greek Cypriots are to act unilaterally regarding the natural resources in the south of the Island and if they do not desire a partnership with the Turkish Cypriots, it could also be for the negotiation of a two state solution, Ankara added.

ekathimerini.com , Sunday March 24, 2013 (15:27)  
Cash-strapped hospitals struggling
Golden Dawn trial resumes
Tsipras, Juncker point to convergence on red lines
SYRIZA to start mulling position on possible deal
Greece faces deadline next week as ECB considers haircut option
Greece needs to show its serious about reaching an agreement with international creditors next week or risk tighter liquidity rules being imposed on its banks. European Central Bank officia...
Fraport says unclear if Greek airport deal will be completed
Fraport (FRAG.DE) said it was unclear if and when a deal to operate 14 Greek regional airports in tourist destinations would be completed, after reporting slightly better than expected first...
Inside Business
SOCCER
UEFA concern over Greek soccer violence bill
Greece provoked fresh concern from European soccer's governing body UEFA on Wednesday over governmental interference which could lead to the Euro 2004 winners' international suspension. UEFA...
SOCCER
Greece set to escape ban as sports law goes to parliament
Greek soccer is set to breathe a sigh of relief as the country's controversial new sports law was submitted to parliament on Wednesday with the necessary amendments to avoid a FIFA and UEFA ...
Inside Sports
COMMENTARY
What a difference a day makes
The impression of a rift between Greece and its partners and creditors which prevailed on Wednesday was suddenly erased Wednesday following an announcement regarding the contents of a phone ...
EDITORIAL
A powerful ally
<+pr_arthro>The fact that Greece has a powerful ally in Brussels is a highly comforting thought. The current president of the European Commission, Jean-Claude Juncker, fought a number of bat...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cash-strapped hospitals struggling
2. Greece faces deadline next week as ECB considers haircut option
3. Golden Dawn trial resumes
4. Fraport says unclear if Greek airport deal will be completed
5. ECB decision on Greek haircuts said to depend on political talks
6. Tsipras, Juncker point to convergence on red lines
more news
Today
This Week
1. What a difference a day makes
2. Tsipras, Juncker point to convergence on red lines
3. A powerful ally
4. ECB decision on Greek haircuts said to depend on political talks
5. Fraport says unclear if Greek airport deal will be completed
6. Greece faces deadline next week as ECB considers haircut option
Today
This Week
1. Greeces decade-long relationship with Merkel
2. Greek decision to exit euro would be disastrous for Greece
3. No need to widen the rift
4. Empty admissions of fault
5. Varoufakis attacked by anarchists while dining in Athens
6. Majority sees Greece headed for euro exit in Bloomberg user poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.