Cypriot Finance Minister Makis Keravnos addresses potential resignation

On June 30, 2026, Cypriot Finance Minister Makis Keravnos commented on speculation regarding his potential departure from the government. In an interview with Alpha, he stated that he never committed to serving the full term of the Christodoulides administration. He cited his age as a factor and emphasized the importance of providing opportunities to younger individuals. While he previously yielded to pressure to remain in his post, he clarified that cabinet composition decisions rest solely with the President. Additionally, Keravnos addressed the Cyprus-Greece-Israel electrical interconnection project, noting that the government is awaiting an updated study. He described the ADMIE proposal for a 1 billion euro loan from the European Investment Bank as overly optimistic due to strict banking oversight. He also suggested that prioritizing a connection with Israel might be beneficial given its natural gas resources.