The President of the Fiscal Council emphasized that for years there was a problem in the way the supervisory bodies operate
The President of the Fiscal Council, Michalis Persianis, also spoke to Oriana Papantoniou on the “News Dissemination” show. Mr. Persianis commented on Cyprus' reaction to the sanctions and what actions should be taken in the future.
The President of the Fiscal Council emphasized that “the biggest concern at the moment is the approach that because the list was painless and without many famous names the matter is over.” He also added that, “This is an approach of states that are at the top of the high-risk list as investment destinations and it's a banana mentality.” sanctions. The only problem is that universal leaps have not been made, development, know-how and infrastructure are also needed. As far as the supervisory bodies and their mode of operation are concerned, in his personal opinion, it was something that for many years we did not know how to do, we did not have the know-how and knowledge in a complex and difficult project. However, he pointed out that after 2013-2014 this situation changed.
