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Cyprus News Agency: News in English, 12-01-17

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

From: The Cyprus News Agency at <>


  • [01] Omirou: Rating agencies create more problems

  • [01] Omirou: Rating agencies create more problems

    President of the House of Representatives Yiannakis Omirou said on Tuesday that the serious economic problems faced by the countries in the Eurozone are worsened by the announcements of the international rating agencies.

    Omirou noted that the international rating agencies have launched an attack against the EU and more specifically the Eurozone, thus creating more economic problems. The House President stressed measures need to be taken on a long-term basis for the consolidation of the public finances.

    Referring to Cyprus, he said that the announcements of the rating agencies ``should not constitute an alibi for not taking more measures``. He said that Cyprus should take long-term measures to consolidate its economy and solve the structural problems which exist during the last decades.

    Omirous statements were made after a meeting he held with the new leadership of the Cyprus Chamber of Commerce and Industry (CCCI). He expressed conviction that the CCCI would make efforts to avert the negative impact of the economic crisis on the job market, saying that the CCCI can contribute to the creation of new jobs and can make sure that employees maintain their jobs in the various sectors of the economy.

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