Denktaş: "Major Developments Expected Soon in the Cyprus Issue"

Referring to recent events in the Eastern Mediterranean, the U.S. approach to Cyprus, and the shifting geopolitical landscape, Denktaş noted that an informal dinner held in New York in October 2024 marked the beginning of a new process.

He emphasized that Turkey’s appointment of Yasin Ekrem Serim, an expert on the Cyprus issue, as its new ambassador to Nicosia was not a coincidence. Speaking on "Sabah Postası" with Gökhan Altıner on Kıbrıs Postası TV, Denktaş responded to questions about recent developments.

"A New Plan Could Be Imposed Like in 1959"

Denktaş suggested that, as in 1959, a plan might soon be put on the table, with both North and South Cyprus being pressured into signing a peace agreement. However, he stressed that no plan imposed on the people and lacking broad public support would be successful.

Commenting on recent discussions about Greek Cyprus potentially joining NATO, Denktaş warned of increasing U.S. military presence in the south. He linked these developments to broader regional conflicts, arguing that certain international actors are attempting to weaken Turkey’s influence in the region.

"Economic Shift Toward South Cyprus"

Denktaş also highlighted the economic shift toward South Cyprus, attributing it to the declining purchasing power of citizens in the north. He pointed out that many people now prefer to shop in the south due to lower prices and better-quality products. "The congestion of Turkish-plated vehicles at border crossings clearly illustrates this trend. Meanwhile, Greek Cypriots rarely cross into the north. One key reason for this is the European Union’s food safety standards, which make shopping in the south more attractive for Turkish Cypriots," he explained.

Referring to his tenure as Finance Minister, Denktaş stated that during his time in office, he had managed to curb this economic shift by implementing measures to keep prices low. "For three years, we maintained a balanced budget without a deficit," he recalled.

"The Government’s Balanced Budget Target Is Unrealistic"

Denktaş criticized the government’s fiscal policies, arguing that its goal of achieving a balanced budget by 2027 is unrealistic. "Every year begins with a deficit, and the budget is adjusted based on revenue and expenditure. However, with the current economic management, achieving a balanced budget seems unlikely," he said.

He accused the government of attempting to close the budget gap by increasing taxes and fees, which, in turn, reduces citizens' purchasing power. "These measures will drive up the cost of living beyond expectations, worsening the budget deficit rather than resolving it," he warned.

"Minimum Wage Earners Struggling Against Inflation"

Denktaş also addressed the difficulties faced by low-income workers, stating that inflation has severely impacted minimum wage earners. "Wage increases are merely keeping up with rising costs, leaving low-income citizens struggling even more. There is a growing trend of impoverishment, and only sound economic policies can prevent it. Unfortunately, the authorities are not taking adequate action or seeking advice on how to address this issue," he noted.

Presidential Candidacy Still Uncertain

Regarding the upcoming presidential elections, Denktaş stated that he has not yet made a decision on whether to run. He revealed that he is working on a project, and if it materializes, he might consider re-entering the political arena as a candidate.