Cyprus — exiting the ‘Memorandum’ (fiscal adjustment programme) and the need for investments

19.4.2016

Question for written answer E-003125-16
to the Commission
Rule 130
Lefteris Christoforou (PPE)

Cyprus has successfully emerged from the ‘Memorandum’, but efforts to further stabilise the economy, stimulate growth and tackle the serious problem of unemployment are continuing.

Countries that have successfully completed the support programme still face many socioeconomic challenges.

Given this state of affairs, it is estimated that, after leaving the ‘Memorandum’, countries should not be left to face the various economic problems that persist by themselves. The EU should launch specific programmes to support growth and address social problems such as unemployment, since any setbacks suffered by the economy of a country emerging from the ‘Memorandum’ would have a huge impact on that particular country and the EU as a whole.

In view of the above, will the Commission say:

Will it continue to support Cyprus in promoting growth, tackling unemployment and further stabilising the economy?

Will special funding programmes be drawn up for countries such as Cyprus?