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Cyprus Economy Report.pdf

Anoigma-Kyritsi_16-12-2013.pdf
Preview of Cyprus Economy Report
🔗 Source: inek.org.cy
📊 Size: 199 KB
👤 Author: reception
⬇️ Downloads: 228

Summary

The "Report on the Economy and Employment 2013" by INEK-PEO is presented, highlighting the difficult conditions for workers and the economy due to the global economic crisis and the banking crisis in Cyprus. The report identifies large imbalances in the Cypriot economy, including trade deficits, public and private debt, and non-performing loans. It argues that the government's and international organizations' efforts to address these imbalances have largely targeted workers and vulnerable groups, leading to increased unemployment and poverty. The report also criticizes the neoliberal policies promoted by the Troika, which have resulted in a significant reduction in the purchasing power of workers' incomes, benefiting businesses' profit margins rather than improving competitiveness. Instead, it proposes a reorientation of the Cypriot economy, with a focus on exports, tourism, and high-value-added products, and emphasizes the need for a more equitable distribution of income and wealth.

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Description

The "Report on the Economy and Employment 2013" by INEK-PEO is presented, highlighting the difficult conditions for workers and the economy due to the global...

Technical Information

  • File Format: PDF
  • File Size: 199 KB
  • Pages: 4
  • Language: EN
  • Author: reception
  • Total Downloads: 228
  • Last Updated: 1 week ago

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