Friday February 27, 2015 Search
Weather | Athens
11o C
6o 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)  
Govt official: bill reinstating ERT, rehiring staff to go to Parlt on March 5
Govt adviser suggests Greek MPs could vote on deal in separate bills
German lawmakers approve extension of bailout program for Greece
Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
Greece to auction 875 mln euros of 6-month T-bills on March 4
Greece will sell 875 million euros of six-month treasury bills on March 4 to refinance a maturing issue, the country's debt agency PDMA said on Friday, in a sale that will be closely watched...
Greece runs out of funding options despite eurozone reprieve
Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repa...
Inside Business
SOCCER
Ten-man Olympiakos couldnt overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
BASKETBALL
Greens lose at Maccabi but preserve head-to-head advantage
Panathinaikos suffered its third loss in eight games at the second stage of the Euroleague going down 73-70 at Maccabi Tel Aviv on Thursday, but has preserved its better head-to-head record ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
EDITORIAL
Give the green light
Foreign investment is a crucial component of economic recovery and Greece needs to start bringing it in fast. Instead, the government, like others before it, is scaring it off in a bid to sa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greece to auction 875 mln euros of 6-month T-bills on March 4
2. Greece runs out of funding options despite eurozone reprieve
3. Next Greek aid deal will emerge in coming months, Moscovici says
4. Greek Finance Minister Varoufakis says EU deal a fig leaf
5. Greek economy shrinks 0.4 percent q/q in last quarter of 2014
6. Govt official: bill reinstating ERT, rehiring staff to go to Parlt on March 5
more news
Today
This Week
1. Tsipras reversal draws Greek sympathy as party rumblings rise
2. German MPs begin debate on extending Greek bailout program
3. German lawmakers approve extension of bailout program for Greece
4. Restive Bundestag to approve Greek bailout extension
5. Prosecutor orders probe into claims of abuse at Amygdaleza migrant facility
6. Gov't adviser suggests Greek MPs could vote on deal in separate bills
Today
This Week
1. Greece prepares extension request for eurozone approval
2. Time for Alexis Tsipras to keep his nerve
3. Stubborn but not almighty
4. Greek bailout deal faces review by euro officials next week
5. Greece says eurozone deal won time as cash bled from banks
6. The ignorance of the West about the culture of Islam
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.