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Denmark handed over the EU chairmanship to Cyprus 10 days ago (Photo: cy2012.eu)

Cyprus: bank crisis will not spoil EU presidency

Cyprus has said the near-collpase of its banking system will not stop it from running a normal EU presidency.

Its EU mission in a statement circulated on Monday (9 July) said: "The two issues are not connected and Cyprus is ready and able to exercise a fully successful presidency."

It added: "Cyprus has all the potential and, most importantly, the will to act as an honest broker, with the aim of furthering European integration and of a better Europe."

Its status as an hones...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Denmark handed over the EU chairmanship to Cyprus 10 days ago (Photo: cy2012.eu)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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