Finance Minister Makis Keravnos has once again voiced skepticism over the viability of the Great Sea Interconnector (GSI), a proposed underwater electricity link between Cyprus and Greece.
Speaking before the House Economic Committee, Keravnos cited the European Investment Bank’s refusal to fund the project, stating it deemed the initiative financially unfeasible. He also criticized Greek Environment and Energy Minister Stavros Papastavrou for withholding two studies that reportedly support this assessment, according to Alithia, which headlined the story “Keravnos Strikes Back.”
Keravnos emphasized that he has no intention of resigning from the Christodoulides administration, but said he would step down if it would help resolve tensions. He stressed his support for any project that benefits the Cypriot economy and denied being a disruptive force within the government, accusing another minister of spreading false information.
Sources within Greece’s Energy Ministry reportedly acknowledged Keravnos’ remarks and said both sides agree on the need to tone down public statements and focus jointly on advancing the project.
Meanwhile, Haravgi reported that a teleconference on the GSI project is scheduled for October 16, involving EU Energy Commissioner Dan Jørgensen, Cypriot Energy Minister Yiorgos Papanastasiou, and Greek Minister Papastavrou. Jørgensen is expected to request detailed briefings from both parties.