Efforts by the breakaway regime to exploit the economic crisis in the government-controlled area of the Republic of Cyprus Turkish Cypriot daily Kibris newspaper (22.03.13) reports that a written statement issued yesterday by Turkish Cypriot leader Eroglu’s “office” alleged that distributing bonds by the Republic of Cyprus in return to the future income from the hydrocarbon resources that exist in the sea of the island would be tantamount to violating the rights of the Turkish Cypriot “people”.
Commenting on the intention of the Cyprus government to establish a fund in order to overcome the economic crisis, Eroglu’s office claimed that distributing bonds to the depositors of this fund in return to the future income from the island’s hydrocarbon resources would create drawbacks from the point of view of the negotiating process [for reaching a solution to the Cyprus problem] and the stability in the area.
Eroglu’s “office” expressed sorrow about the economic problems which exist in the government-controlled area of the island and reiterated the allegation that the Turkish Cypriot side had submitted proposals which are still on the table regarding the creation of fields of cooperation between the two sides and the overcoming of the difficulties within a short period of time.
The statement alleged that in case the proposal regarding the creation of the above-mentioned fund passes from the House of Representatives, this would violate the rights of the Turkish Cypriot “people”, harm the content of a possible future agreement and mortgage the future of the island.
The statement argued that in view of these “realities”, these bonds would have no validity and the Greek Cypriot side will “deepen the lack of confidence” with another “unilateral action”.
The statement went on and noted that the Turkish Cypriot side is determined to defend the so-called rights of the Turkish Cypriots in these areas “with the cooperation and help of motherland Turkey”.
The statement also asked for these problems not to delay the reconciliation process through negotiations and make the expectations on this issue invalid.

CNA