Cyprus News Agency: News in English, 12-01-17
CONTENTS
[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.
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