Government and political leaders agreed on Friday on a package of measures, aiming at Cyprus’ financial consolidation, while discussion on a second package concerning immediate measures will be continued between the Ministry of Finance and political parties.

Government Spokesman Stephanos Stephanou, announced the decision, following Friday’s meeting between the President of the Republic and political leaders, without going into details on the measures.

On July 1, the government met with co-governing parties AKEL and DIKO, agreeing on a core of measures, which were later enriched by proposals submitted by other political parties. Moreover, a second meeting on the economy took place on July 18, with the government and political party representatives agreeing on appointing a technical committee, under the Finance Minister, to elaborate on proposals for the overall financial package.

Stephanou noted that the measures agreed aim both at structural problems as well as fiscal consolidation. He said however, that discussion on a second package will continue.