Cyprus, to be remade, must resolve some issues
Cyprus is set to be ‘remade’ in the coming years through €1 billion in grants from the European Recovery Plan, as we’ve reported here, but there are a few issues to be resolved along the way, according to EU policy experts and economists.
The plan, for Cyprus as for the other 26 Member States, is to draft a series of projects according to the terms agreed to with European Commission for this country. Those projects must be negotiated with the Commission, and then sent to the Council of Europe for approval. If the Council agrees, the projects then must be implemented strictly according to the guidelines set for them, and then grant payments are made as each project milestone is achieved.
And there is another political aspect, according to Eric-André Martin, an expert in EU policy with the French Institute of International Relations (Ifri) in Paris. “But there are political issues to be considered. The vast size, complexity and amounts of time needed for some projects are likely to displease a large part of the population which is expecting direct impact on the pandemic crisis,” he told the Cyprus Mail.
“And there is another political aspect: Some of the projects are linked to structural reforms to be passed by national legislatures, and that is not necessarily easy to achieve,” he adds.
- This article is available on the website of Cyprus Mail "Cyprus, to be remade, must resolve some issues".