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Cyprus News Agency: News in English, 11-11-01

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From: The Cyprus News Agency at <>




    UN Secretary-General Ban Ki-moon has said Tuesday that the leaders of the two communities of Cyprus have agreed that efforts are essential over the next two months to move to the end game of the negotiations for a comprehensive settlement to the Cyprus issue.

    At the same time, he said after the two day talks at Greentree mansion in Long Island that the leaders assured him that they can finalize a deal, acknowledging that there is still work to be done and that by January, when they will meet again with the SG, Ban expects that the internal aspects of the Cyprus problem will have been resolved so that they can move to the multilateral conference shortly thereafter.

    Ban Ki-moon made the remarks in the presence of President of the Republic Demetris Christofias and Turkish Cypriot leader Dervis Eroglu and their aides after the negotiations were concluded Monday in New York.

    In his remarks, the UNSG thanked the two leaders for accepting his invitation to join him at Greentree over the last two days.

    This has been our fourth meeting together as we work to develop a comprehensive settlement for Cyprus. We last met in July in Geneva. At that meeting we agreed that the sides would intensify the talks in order to reach convergences on outstanding core issues in the negotiations, said Ban.

    Since July, he noted, in that intensified phase, the leaders met 19 times in an intensive way. It was a difficult period at times, but both sides stayed the course and progress was made on some key outstanding issues.

    The UN Secretary General said considerable advances were made in the areas of economy, EU matters and internal aspects of security, however much less progress was made in the important areas of governance, property, territory and citizenship

    Ban said he invited His Excellency Mr. Christofias and His Excellency Mr. Eroglu to Greentree in the hope of reaching further convergences on these central issues. I have also used the opportunity of our time together at Greentree to assess how close the two sides are to reaching a solution.

    He remarked that the sides have made some encouraging progress during these two days on some of the remaining core issues and as his Special Adviser, Alexander Downer noted, discussions have been positive, productive and vigorous. This has given me confidence that a comprehensive settlement can be achieved. Both leaders have assured me that they believe that they can finalize a deal, he said.

    Ban Ki-moon said there is still work to be done, noting that Christofias and Eroglu, have agreed that further efforts are essential over the next two months to move to the end game of the negotiations. My Special Adviser and his team remain ready to assist.

    He also said that he had invited the two leaders to meet with me again in a similar format in January next year. By then, I expect the internal aspects of the Cyprus problem to have been resolved so that we can move to the multilateral conference shortly thereafter.

    This was the fourth meeting of the leaders with the UNSG. The first took place in November 2010, followed by two more meetings held in Geneva on January 26 and July 7, 2011, during which both sides reaffirmed their commitment to finding a comprehensive solution as soon as possible, while in Geneva, on 26 January 2011, the sides agreed to intensify the negotiations.

    Cyprus has been divided since 1974, when Turkish troops invaded and occupied its northern third. Since 1974, Turkey occupies 37% of Cyprus` territory in defiance of UN Security Council resolutions, European Parliament decisions and resolutions, European Council decisions and other resolutions of international fora, which condemn the Turkish invasion and occupation. Ankara has proclaimed a so called `state` in the occupied areas of Cyprus, which the UN have called illegal and asked the international community not to recognise it. The illegal state is only recognised by Ankara.

    UN - led negotiations have been underway since 2008 between the leaders of the two communities in Cyprus with an aim to reunify the island under a federal roof.

    The Republic of Cyprus is a full EU member state since May 2004. Turkey aspires to join the EU but said it would not talk to Cyprus when Nicosia assumes the rotating EU presidency in the second half of 2012.


    The state has the obligation to step in and provide support to the banking system to ensure that it continues to operate and function smoothly, Finance Minister Kikis Kazamias has said, underscoring that the state intervention will be made not by choice but when necessary and upon the invitation of the competent supervising authority.

    In statements to the press after the discussion of three new government Bills at the Parliamentary Committee on Financial and Budgetary Affairs on Tuesday, Kazamias said that the legislation will act as an added safeguard for financial institutions and would help boost the confidence placed of clients, partners and foreign investors.

    Kazamias said that he stressed to MPs that a state intervention will take place only after the private sector has taken all necessary action and will aim to ensure financial stability.

    He also clarified that any possible state intervention would only be made upon the request by Central Bank of Cyprus and only after a consultation with the competent supervising authority of the financial institution in question. The Central Bank of Cyprus is responsible for supervising banks whereas the Central Cooperative Bank supervises cooperative credit institutions.

    In such a case, the government should and is obligated to protect the rights and interests of the Cypriot taxpayer, Kazamias stressed.

    He further expressed the view that a spirit of mutual understanding and readiness for cooperation were evident during the discussion, which took place.

    Kazamias reiterated that if the government was called upon to act, it would undertake its obligation and will be glad when its aid will no longer be necessary.

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