Japane stocks slide, dollar at 8-month low, Euro holds

THE PRESIDENT of the European Parliament Martin Schulz arrived to Cyprus yesterday where he met President Demetris Christofias to discuss matters related to Cyprus’ Presidency of the EU council.

Christofias warmly greeted Schulz in front of the cameras as the latter arrived in Christofias’ holiday home in the Limassol district in Kellaki.

Christofias said they had sketched out matters which Cyprus will need to spearhead when it takes over the presidency on July, focusing on the negotiations over the 2014-2020 EU budget.

The economy will be at the forefront of discussions, Christofias said but added there were “other issues concerning us”.

Schulz said that Europe was in a “deep crisis” showing perhaps that “we should return to the principles Cyprus always defends and that should be the principles of its EU presidency, that is to say social cohesion and justice”.

Commenting on Turkey’s warning against any company intending to drill for hydrocarbons in Cyprus’ exclusive economic zone, Schulz said that threats were unnecessary.

“We need mutual respect and understanding and consequently threats never make any sense,” he said.

Source: Cyprus-Mail

Published on May 20, 2012
|||Christofias meets Schulz
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