Turkish deputy pm participating in EU leaders' meeting

The Greek Cypriot banking crisis is likely to dominate the talks in the meeting as the most pressing issue.

Turkish deputy pm participating in EU leaders' meeting

World Bulletin/News Desk

Turkey's deputy prime minister was participating Saturday in Finland in an informal meeting of the European Union leaders who gathered to discuss the future of the Union marred by crippling economic crises in its major countries threatening their single currency zone.      

"The economic problems Europe faces are only temporary. They won't last forever. But the important thing is that the Union must preserve its solidarity and come up with a fairer system," Ali Babacan told reporters on his way to the venue of the informal EU meeting, a mountain chalet in the Finnish ski resort town of Saariselka.      

The Greek Cypriot banking crisis is likely to dominate the talks in the meeting as the most pressing issue.      

Greek Cypriot lawmakers approved late on Friday part of a package which they hope would help raise 5.8 billion euros needed to secure an international bailout to stave off bankruptcy.      

The lawmakers approved the three most important bills of the nine bill-package that creates 'a solidarity fund,' divides lender Laiki into a 'bad bank' and 'a good bank,' and authorizes Greek Cypriot finance minister and central bank governor to restrict financial transactions in times of emergency.

Güncelleme Tarihi: 23 Mart 2013, 15:56

Muhammed Öylek

YORUM EKLE