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A Cyprus settlement would not only facilitate Turkey's accession to the EU.
"A Cyprus euro is a second-class euro," said Mr. Loucaides, the managing director of the Cyprus Trading Corporation.
A Cyprus government spokesman said the increase would not lead to more money being taken from savers in the country's banks.
A Cyprus government spokesman said earlier this week that Mustafa had been deported three times from the island on charges of harassment and domestic violence.
A Cyprus exit from the euro union, if it comes to that, would have a devastating effect on the country's citizens, who are among the most indebted in the euro zone.
A Cyprus presidency statement on Tuesday said "it is inevitable that the total level of expenditure proposed by the Commission... will have to be adjusted downwards".
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"I think the most practical and likely outcome would be a Cyprus-type arrangement.
Mehmet Dalman is a Cyprus-born merchant banker and how much he knows about the game is debatable.
They include IAR Art Resources, a Cyprus-registered corporation; a foundation based in Liechtenstein; and a Swiss foundry.
Both options are expensive; L.N.G. terminals typically cost about $10 billion, or about 10 times the estimated $1 billion price of a Cyprus-Turkey pipeline.
Though it is a listed company it is dominated by a controlling 63% shareholder, BXR Mining, which in turn is controlled by RPG Partners, a Cyprus-based company.
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