THE prospect of
"It is expected that by the end of this month
This was promptly confirmed by the finance ministry, which issued a statement saying that five investment behemoths –
"A euro-denominated transaction may follow, subject to market conditions," the ministry's statement said.
But opposition parties were less inclined to the government's enthusiasm. Former junior government-coalition partners DIKO urged the government to focus on the bigger picture.
"Returning to the markets is a positive step, but not the ultimate goal," DIKO said. "The ultimate goal is to restart the economy, growth, combating unemployment and raising people's standard of living."
Similarly, socialist EDEK warned of the risk of missing the forest of improving conditions for the people for the tree of tactical economic manoeuvring.
"We agree that the reduction in the
"Before returning to the markets, the government should have finalised
The Greens thought
But the list of fence-sitters did not feature the main opposition party AKEL, which came out all guns blazing against the positive spin that the government tried to put on the move. Still, the communist party fell short of offering an actual position.
"For starters, when a country remains restrained to a Memorandum [of Understanding] that drives its people to complete humiliation, no celebrations are warranted," AKEL's Stavros Evagorou said. "How can a country celebrate its return to the markets when its unemployed have reached 80,000, food banks serve some 45,000 of our fellow citizens, a few thousand are at risk of losing their homes and when austerity and cuts have reduced households' purchasing power by 30 per cent?"
Ruling DISY's spokesman
Prodromou also argued that the government is merely trying to resolve problems created by the previous government.
"AKEL criticised the policy of borrowing. They seem to forget that the previous government doubled public debt to more than €15bn, and left a legacy of another €10bn in the form of the Troika loan," he said.
"They had best abandon partisan rock-throwing," Prodromou said, and concluded his statement with yet another barb. "We neither want to celebrate, nor to face bankruptcy as we did at the end of 2012," he said.
Even Archbishop Chrysostomos thought it appropriate to weigh in on the issue, arguing that if the Church's finances were anything to go by, the
"We are a small economy, and small economies can easily rebound," he said. "Seeing the Church's finances, which are better this year compared to last year, and hearing
Send to Kindle
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- James Foley Killer Could Be ID'd Via Social Media, Voice Recognition
- Faith Groups Divest From Fossil Fuels
- Apple Stock Bounces Back Big Time
- James Foley Beheading Video Is Real Thing: White House
- U.S. Existing Home Sales Rise 4th Month Straight
- Entrepreneur Contest Announced in Idaho
- Spiders Get Bigger, Reproduce Faster in Cities
- Dollar Tree Falls in Q2
- Family Dollar Will Stick With Dollar Tree