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Troika discussing title deeds delay

The Troika delegation is continuing its meetings in Cyprus and will be discussing the delays in issuing title deeds today as part of its third review of the economic adjustment programme.

title deeds delayA TROIKA mission continues meetings on a technocratic level in the context of the third review of Cyprus’ economic adjustment programme.

Technocrats from the European Commission, the European Central Bank and the IMF will be meeting with Cyprus Shipping Chamber, the Cyprus Investment Promotion Agency.

During their discussions they will talk about the delay in issuing title deeds.

Furthermore, Troika technocrats will discuss with Central Bank officials the updated MoU covering the financial sector.

The heads of the Troika will meet with the Parliamentary Committee of Financial and Budgetary Affairs.

The Cypriot authorities and the Troika (EC, ECB and the IMF) agreed last March on a €10 billion bailout, featuring haircut of uninsured deposits. So far Cyprus has received two positive reviews on the implementation of the Memorandum of Understanding, covering the conditions of the financial assistance.

Source:  Cyprus News Agency

Readers' comments

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  • Jim says:

    No doubt as usual, the Troika will give a glowing report on the progress Cyprus is making.

    When will they wake up & admit that little or no progress is actually being made. If the troika think Cyprus is going to sell off the SGO’s & give everyone who has paid for their property a clean title deed, they are deluded.

    As long as the money keeps rolling in from the EU, the government will string them along for as long as possible, while tinkering round the edges.

  • Mike says:

    Discussing is good, it keeps lots of people in jobs where they can have meetings after meetings – actually doing something to solve the problem, whether those who perpetuate the problem like it or not, would be far better.

    Why after all this time are we still pussy footing around, frightened to upset anyone and their self interests and not laying down a decree to say what must be done and in what time frame – weeks or months not years or decades. No more ifs and buts, do it and do it now.

    If parliament needs to sit for 5 days non stop then do it and don’t come out until you have a solution that serves the country and its citizens equally and fairly. If you need to sack everyone who refuses to put things right then do it or get out and let someone else in who is prepared to do it.

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