TRNC member of parliament want the country to switch to the use of Euro

A TRNC member of parliament has called on the country to switch to the use of Euro in the country.

CTP Deputy, Fikri Toros made the call on Monday in Parliament.

According to him, "It is inevitable that the transition to the Euro should be discussed and that a way should be found with the support of experts."

Referring to the devaluation of the Turkish Lira, Toros said, “We import inflation with a knock on effect“, adding that there was no economic programme in place due to a lack of leadership.

Toros noted that domestic borrowing was used to finance the budget deficits, but the limits had been reached because of a lack of rational spending.

Stating that the budget phenomenon is not just a lesson about numbers, Toros stated that economic activity must be revived and unemployment should be prevented, and that areas such as health and tourism should be revamped

Our people have become impoverished. In the new period, grants must be given to the tradesmen“, said Toros, adding, "Effective actions against informality, deep-rooted reforms for incentives, and uninterrupted financial support are essential".

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