26 Mar 2017 What’s behind the EU-Cyprus budget spat?

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On Tuesday, Finance Minister, Harris Georgiades told state radio that the Eurogroup meeting for eurozone finance ministers had accepted his position on the government’s budgetary policy.

While there was no specific reference to Cyprus in the official Eurogroup statement by the president, Jeroen Dijsselbloem, he did say that during the meeting they had “followed up on the implementation of the budgetary plans” (of all member states). Dijsselbloem added they would “take stock again on the implementation of the budgetary plans” in May, on the basis of the European Commission’s Spring forecast. Read full article here

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