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Kallinikou, Giorgos

Phileleftheros, Cyprus

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Phileleftheros - Cyprus | 20/12/2015

EU bailout programme not helping Cyprus

The EU bailout programme for Cyprus comes to an end in March. There can be no talk of a success story here, the liberal daily Phileleftheros comments: "The current government has confined itself to carrying out Brussels' instructions. In those areas where Brussels didn't intervene and the government should have acted on its own initiative - growth, investments and production - the results are meagre. So the main features of this story are still unemployment, underemployment and emigration, particularly by young people. The poverty and misery have not disappeared or even improved in Cyprus. … It's a horror story. … If this island is still on its own two feet it's only thanks to the solidarity and charity of its citizens who help each other."

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