Cyprus Mail

EDEK wants insolvency vote postponed for two or three days

Socialist EDEK has requested that voting for the insolvency framework, scheduled for April 17 is postponed as President Nicos Anastasiades will be in Greece on the day, according to the Cyprus News Agency (CNA).

With his absence, House President Yiannakis Omirou would preside over the meeting, altering results to 28 votes in favour and 27 against, as he would not be able to vote, thus breaking the tie.

As it stands, it is a close call, therefore parties are concerned for every single vote, with EDEK in particular calling the situation critical. This is also blocking the foreclosures bill and if passed, would put an end to months of negotiations, delays and discussions.

EDEK said they would send a letter to Omirou today or tomorrow asking the vote be held on April 18 or 19. According to CNA, the party has AKEL’s support on the matter.

MPs previously said they wanted to put an end to the saga before April 23, when the Eurogroup is scheduled to meet, however, the vote has been repeatedly delayed after disagreements over various provisions.

The House had expected to put the framework to the vote last Thursday but was postponed after lawmakers failed to finish examining the five bills.

Previous delays, which caused a suspension of the foreclosures law, prompted the island’s international lenders to withhold payment of around €85 million, the International Monetary Fund’s share of a €435 million tranche.

President Anastasiades will be on an official visit to Athens briefing Greek Prime Minister Alexis Tsipras on the outcome of talks with UNSG`s Special Adviser for Cyprus, Espen Barth Eide.


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