Dialogos

Finance Minister: No Broad Discussions on Foreclosures

Published March 17, 2026, 17:02
Finance Minister: No Broad Discussions on Foreclosures

Finance Minister Makis Keravnos stated that broad discussions on foreclosures and their suspension should not take place, as this could create more problems for the economy. He emphasized that Cyprus is under monitoring by rating agencies and the European Union and that the established framework and the role of the Financial Commissioner should be strengthened. Mr. Keravnos also mentioned that the government is monitoring the potential impact on the economy due to developments in the region and that immediate measures must be taken to address foot-and-mouth disease.