Brussels.- By Nicos Bellos, (CNA) – Cyprus President Demetris Christofias has described the decisions taken during the European Council meeting on the issue of economic governance as important, noting that the Cyprus economy does not threat the stability of the Eurozone.
“Cyprus does not constitutes such a danger because, even if we have a crisis, we can’t threat the Euro zone or the currency as such”, Christofias said, and added: “However, we should take our measures”.
President Christofias express his expectation the Republic of Cyprus will soon adopt a package of economic measures, which will be brought for approval before the House of Representatives.
Christofias said that during the European Council, serious issues in relation with the economic crisis have been discussed. He pointed out that the European Council discussed and endorsed the report of the Task Force on economic governance
Particularly, President Christofias referred to the decision for establishment of a permanent crisis mechanism, its command terms, its functions and its jurisdictions. He said that the Council invited the President of the European Council Herman Van Rompuy to work along with the President of the European Commission Jose Manuel Barroso, in order to bring a specific proposal at the European Council meeting on December.
President Christofias said that a serious discussion took place on the sanctions against the member states that are passing through an extended economic crisis and as a result, they contribute to the extension of the crisis to the Eurozone area and to the Euro as a currency. He noted that after his intervention and the intervention of other Head of States and Governments of the EU, the Council reached a reasonable decision, and added that a limited amendment on the Lisbon Treaty seems necessary.
Christofias referred to the proposal for the probable suspension of the right of euro area members to participate in decision making in EMU-related procedures in the case of a permanent threat to the stability of the euro area as a whole. He stressed that the President of the European Council will examine in consultation with the Member States the issue and that nothing has been decided so far, and that the issue will be examined again in the Council meeting on December.
“Any amendment to the Treaty should take place by 2013, and by the summer of 2011 we should conclude on whether or not the Lisbon Treaty will ultimately change”, he said.
President Christofias said that during the Council meeting he had the opportunity to raise an issue regarding the focus of the EU to the human rights and the democratic procedures. In the framework of the discussion on the EU Summits with third countries, such as with India, China, Russia and Ukraine, the Council stressed the need for those countries to implement the human rights and the democratic freedoms, he said.
In this framework, President Christofias referred to the situation in Cyprus, stressing that the EU faces such problems. “Since we wish to raise such issues with third countries, we should be much more sensitive with countries wishing to become member states, such as Turkey, which for 36 years violates the human right of the people of Cyprus, violates the international law, the EU values and the sovereignty and territorial integrity of the Republic of Cyprus. I made that intervention and I think many heard it with satisfaction”, President Christofias concluded.