Do not complain and watch the situation closely
They consider developments in relation to the announcements of US President Donald Trump, a government and ministry of finance that “do not complain and monitor the situation”, according to a finance ministry.
A service meeting convened by the finance minister on Friday morning with his staff discussed and examined the developments that will arise in the European and international economy after the implementation of Trump announcements.
According to the same information, at the meeting, after examining all the data so far and possible future developments, the Minister of Finance has given instructions for continuous monitoring, study and alertness.
“There are explicit commands by Finance Minister Makis Keravnos for continuous information and plans deemed necessary,” the information said.
“Although Cyprus is not expected to be affected immediately, there is a concern about how negative developments in the European and international economy” by the Trump announcements “can affect even an open and small economy in the long run as of Cyprus,” he added.
However, the Ministry of Finance “maintains the position that the right attitude in the face of developments is the constant implementation of a proper and rational economic policy based on budgetary discipline that will enhance the competitiveness of the Cypriot economy and continue the steady upward trend in the past. Shopping. “
Also, as reports from the Ministry of Finance, the whole issue will be discussed in European institutions, which will be collectively decisions on how the European Union will face the whole issue.
“The Ministry of Finance, applying a precautionary action, has prepared a report on the matter in January, which provided for developments long before yesterday’s Trump announcements,” it said.
According to the same information, Cyprus as a Member State of the European Union will proceed with all the necessary measures that will be decided by the European institutions to address the challenges that will exist.