People on the island are debating what a “loose federation” as suggested by President Nicos Anastasiades as a solution to the Cyprus problem, actually means.
Finance Minister Serdar Denktaş, in an interview on Vatan Radio, said that in fact, all it meant was a two-state solution with a weaker central government. This was something that the Turkish Cypriots had been suggesting for years. “When we were talking about a two-state federation for years now, we did not mean anything very different from this idea, which is being discussed today”, he said.
However, he added that he did not believe that the Greek Cypriot side was sincere and was simply playing for time. They were wasting everyone’s time, said Denktaş.
Referring to the TRNC economy which is in crisis because of the weakened Turkish lira, he said that there could by pay cuts in the public sector.
With reference to the electricity project to bring power to the north of the island via undersea cable, he said that the project was still on the agenda, however, there would be a delay because of rising costs.