NICOSIA The leadership of Cyprus has agreed to set up an investment solidarity fund to raise the necessary money to meet the island’s obligations in the bailout programme
A statement from the Government Spokesman said: “Following a proposal by the president there was consensus and a unanimous decision to set up an investment solidarity fund.”
The proposal was undergoing legal and technical processing by the Law Office of the Republic, the statement added.
If necessary the council of Ministers will be convened to approve it and it will be forwarded to the House of Representatives for the remainder.