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Cyprus News Agency: News in English, 11-11-24

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>


  • [01] Interview of Greek Interior Minister to CNA

  • [01] Interview of Greek Interior Minister to CNA

    The European edifice stands at a great turning point, the EU has been undermined in the eyes of society and what is needed are objectives and policies, new Interior Minister of Greece Anastasios Giannitsis has stressed in an interview with CNA.

    If the Eurozone fails, the impact would be explosive for Europe and a return to nation states, without European integration, would mean a huge weakness of Europe in the global economic and political system, Giannitsis pointed out.

    The way that euro area has been built had too many flaws and deficiencies, he said, noting that for 10 years the project proceeded smoothly under normal conditions, there was no political will to go on to a more tight economic governance. The crisis revealed not only the weaknesses but created a wider crisis in the eurozone, he said.

    According to the Greek Minister, either measures will be taken to restore confidence in the currency, policies to consolidate the member countries that have this problem and create institutions and mechanisms to ensure the protection of national currency, or we will go on in a situation as it is today with an uncertain outcome.

    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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