"I'm very confident about the medium- and longer-term prospects of the Cypriot economy," says...

|By:, SA News Editor

"I'm very confident about the medium- and longer-term prospects of the Cypriot economy," says Harris Georgiades, Cyprus' new finance minister, who adds that the country has "some traditional industries, tourism and shipping amongst them." Despite downbeat commentary from the likes of Pimco's Mohamed El-Erian and harsh words from Mario Draghi regarding the country's gold sales, Georgiades says Cyprus "will remain a member of the eurozone. "That is our destiny," he says.