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EUROPEAN COUNCIL
THE PRESIDENT

EN

Brussels, 25 March 2013

EUCO 82/13

PRESSE 132

PR PCE 71

Statement by the President of the European Council,
Herman Van Rompuy,
on Cyprus

President of the European Council, Herman Van Rompuy, made the following statement on Cyprus after the agreement reached by the Eurogroup and the Cypriot authorities on the key elements for a future macroeconomic adjustment programme:

"I welcome the agreement reached by the Eurogroup and the Cypriot authorities early this morning. The agreement is essential to ensure a sustainable future for Cyprus in the euro area. This is first and foremost true for its people that is living through times of great uncertainty.

The growing sense of urgency was the reason why I on short notice called a meeting in Brussels Sunday with the President of Cyprus and the leaders of the European institutions and the IMF. We reached an agreement among all the partners on key parameters. The purpose was to facilitate the decision of the Eurogroup.

It is now for all parties to ensure its implementation as soon as possible. We must all work hard to alleviate the social impact of the crisis in Cyprus, including via mobilising EU funds like the Youth Employment Initiative."


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