Paphos People

It is ludicrous for the government to claim that it does not have the resources to meet the needs of vulnerable households
Accounts and behaviour of the government, banks and many employers in the first six to seven months of 2022 indicate that their policies are having a depressing impact on the economy. In this respect are the Cyprus authorities trying to reduce “cost-push-inflation” by curtailing domestic demand and/or is the government saving up funds for the presidential election campaign? Indeed, it is very disappointing that the government, banks and many employers during this period of steep rises in the cost of living and business operations are doing very little to assist households and businesses financially and instead are imposing austerity on the economy.

While the expenditures of foreign tourists are helping Cyprus to avoid recession, the mounting trade deficit, especially with non-EU countries, will be a drag on growth and make the need for strengthening domestic demand even greater.

Full story here:- https://cyprus-mail.com/2022/08/14/government-banks-and-employers-depressing-the-economy/

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Dave
Moira And Dave

“I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.”

Sadly this is now happening globally and not only here in Cyprus

The whole world appears off kilter

Is part of the published reset. I stated this current su=ituation over a year ago and was howled at.

The energy and so called green hoax is a part of the jigsaw.

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Straight talking, no Gimmicks.

Live your dreams.