Cyprus to do ‘whatever it takes’ to turn economy around

The new finance minister of cash-strapped Cyprus vowed on Wednesday, April 3, to do “whatever it takes” to sort out the EU country’s teetering finances and put the economy back on track for growth. Haris Georgiades was speaking hours after President Nicos Anastasiades swore him in, warning of “difficult days ahead” for an island struggling to recover from a near financial meltdown and the need for a crippling eurozone bailout. Anastasiades said this would entail “firstly, collectivity and, secondly, consistency and fiscal discipline and all those measures that will contribute to kick-starting the economy as soon as possible.” He also vowed to implement the terms of the bailout “fully… we shall meet all time frames and meet all targets.”

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