No long-term benefit from [Cyprus] selling [EU] passports [to foreign investors]
too greek; didn't read:European Commission:
Your passport-selling scheme benefits only certain land developers and lawyers, it doesn't create any long-lasting ties between the investor and Cyprus, and does nothing to help the citizens of your country or public finances.Expert adviser to the government (trying to impress EC):
The EC is right. A Chinese investor buying a luxury apartment they never visit and which they can resell after three years doesn't create a ties to the country. Instead, we should encourage them to invest in building casino resorts
, which require ongoing management and commitment from the investor's part.
Not turning citizenship into a commodity, especially when you are denying it from ~20 000 Cypriots-by-lineage
, seems not be an option for our government.
At this rate, I won't be surprised if the EU starts considering internal sanctions against Cyprus (and Malta), à la Hungary.