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Cyprus News Agency: News in English, 10-12-10

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <>




    President Demetris Christofias has welcomed the fiscal consolidation measures agreed between the two coalition parties, ruling left-wing AKEL and centre Democratic Party, saying they will ensure the smooth operation of the state and the economy.

    Speaking on the sidelines of an event for the 20 years of the Cyprus Institute of Neurology and Genetics, the President said the measures will enable the government to continue dealing with problems and follow a fair and balanced social policy for the benefit of the ordinary person.

    He also said that by creating the conditions to contribute to state revenue and cut unnecessary costs, there will be growth and better days for the economy and the people.

    The President pointed out that in the absence of an international economic recession, there would not be any effects on Cyprus economy. He added that Cyprus compared to other countries got off cheap with very little fallout, while other economies and other people really suffer.

    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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