The Finance Ministers of Greece, Kostis Hatzidakis, and Cyprus, Makis Keravnos, have reaffirmed their commitment to continued collaboration in various fields, emphasizing that both countries have successfully navigated the financial crisis of the last decade.

During a visit to Cyprus, the Greek Finance Minister was welcomed by his Cypriot counterpart at the Ministry of Finance in Nicosia for a productive discussion. Keravnos remarked on the positive state of both economies within the EU, describing them as "very good economies at this juncture." "We exchanged views on various economic issues and affirmed our ongoing, productive cooperation," Keravnos added.

Hatzidakis noted the excellent collaboration between the two countries within the context of the EU Eurogroup and Ecofin Councils. He stated, "We reviewed the progress of both the Cypriot and Greek economies and ascertained that both have overcome the crisis of the previous decade."

However, he stressed the importance of sustained effort, advocating for a balanced approach that combines fiscal prudence with an investment-friendly policy. "This financial approach is a prerequisite for steady growth," he explained.

Hatzidakis also highlighted the joint commitment of Greece and Cyprus to expand their cooperation beyond financial issues, aligning with the policies of President Christodoulides of Cyprus and Prime Minister Mitsotakis of Greece.

Discussing the Great Sea Interconnector—an electricity link between Greece and Cyprus—Hatzidakis mentioned that both countries support the project, which is also favored by the European Commission and included in its priority projects list. "The project is complex with various financial and technical parameters currently under discussion by the Ministries of Energy and the Environment of Greece and the Ministry of Commerce of Cyprus," he said in response to a question about the initiative.

Echoing his Greek counterpart, Keravnos acknowledged the project's complexity and the multiple aspects being managed by the energy ministries of both countries.