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The South should adopt the Turkish lira: says Atun

3 April 2013

According to Turkish Cypriot Daily ‘Vatan’, the Minister for Economy and Energy, Sunat Atun, called on the Greek Cypriots to leave the eurozone and adopt the Turkish lira.

The minister was speaking on Kibris TV evaluating the latest economic developments in South Cyprus.

He went on to say that if the South took the Turkish lira as its currency, its economy would become more competitive.

Referring to the current banking crisis in the South, Atun recalled the bank crisis in the TRNC in the year 2000, saying that due to the necessary measures taken by the country, they overcame the financial crisis and become stronger.

He also pointed out the Greek Cypriots would have an advantage if they circulated Turkish lira in their market so as to recoup their economy.

Minister Atun was re-iterating the words of Turkey’s EU Minister, Egemen Bagis, who, on March 22nd, said that Turkey would support an eventual transition to the use of the Turkish Lira in South Cyprus, the currency in the TRNC, should the South be forced to exit the Eurozone.

Bagis also said that “Nicos Anastasiades’s government is paying the price of the [previous] leadership and trying to put the pieces back together. It’s not proper to kick someone when they are down. God save them,” he said, referring to the fact that Anastasiades had supported a reunification plan when it was voted on nine years ago. “We hope that they will reach a solution and the uncertainty will come to an end as soon as possible,” he added.

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