Don’t invest in Greek Cypriot banks says Bagis

EU Minister, Egemen Bağış has stated that investors, who are lending money to Greek Cypriot banks, should consider investing in Turkish lending institutions instead.

He said that, “Investors who have money in Greek Cypriot banks should think carefully; this [economic] crisis could affect them, too. It is better for them to invest in Turkish banks”.

 Ankara, in the meanwhile is trying to thaw its frosty relationship with the EU bloc.

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