Side effects of ECB policies hindering sustained economic recovery
In the aftermath of the global financial crisis central banks substantially lowered interest rates to support the recovery of their economies. In fact, the ECB...
financial crisis
Rising global debt: will today’s necessity develop into tomorrow’s threat?
by Andreas Charalambous and Omiros Pissarides The financial crisis that unfolded in 2008 is inextricably linked to the disproportionate levels of private debt that...
Domestic violence rose during economic crisis, study shows
More people sought help for incidents of domestic violence during the height of the economic crisis than they did before and after, a new study...
How government policies are driving growing inequalities
By Leslie Manison A number of studies have concluded that Southern European countries in particular have experienced growing inequality since the beginning of the financial...
Expropriation of BoC deposits was most certainly not ‘the only sensible thing to do’
Your editorial (Cyprus Mail, December 21) regarding the expropriation of deposits from the Bank of Cyprus during the financial crisis states that this was “harsh”...
Industrial action study reflects financial crisis
Almost 200 strikes in both the private and public sectors have taken place over the past five years, recent research by the Department of...
Mixed village of Pyla cannot make ends meet
The municipal council of the village of Pyla is said to be on verge of financial collapse, unable to raise sufficient funds to cover...
UK economy wilting fast after Brexit vote, as PMI shows record drop (Updated)
By Andy Bruce and Douglas Busvine Britain’s economy is shrinking, the broadest survey of business confidence since last month’s historic vote to quit the...
The paradox of prosperity: dancing on a volcano
By Max Gevers In the European Union we have known unprecedented wealth and prosperity for more than a generation. Despite the recent financial crisis and...
Young voter apathy ‘tragic’ yet expected
By Andria Kades An alarming 77 per cent of young Cypriots have said they will not vote in May’s parliamentary elections mostly because they don’t...
China Q4 growth weakest since 2009 as policy misstep fears grow
By Kevin Yao and Xiaoyi Shao China’s economic growth in the fourth quarter slowed to the weakest since the financial crisis, adding pressure on a...
Nearly 200 suicides recorded in Cyprus in five years
Some 185 people in Cyprus took their own lives between 2009 and 2013, according to figures published on Sunday, citing health services data. If the...
Greece: a tragedy and four myths
By Johan Adler Austerity is a reality in Greece today. An example presents itself as I sit writing, overlooking the Thermaic Gulf of Thessaloniki. This...
Credibility meets compromise in Europe’s bank stress test
By Laura Noonan When Europe announced its latest health check of top banks early last year it promised a “comprehensive assessment” of how well prepared...
Cyprus loses points on Global Peace Index
By Rafaella Georgiou Cyprus ranked 51 out of 162 countries on the 2014 Global Peace Index falling two places from last year, the Institute for...
Why the man in the know was banned from econ probe
By Loucas Charalambous ALL THESE ridiculous goings-on surrounding the House Ethics Committee’s investigation into the collapse of the economy should surprise nobody. In this country,...
Large families in dire straits
By Angelos Anastasiou FAMILIES are in danger of losing their homes and some can’t even afford their electricity bill, the Pancyprian Organisation of Large Families...
One fifth of Cypriots have put off holidaying in 2014
Financial difficulties due to the crisis was the main reason why Cypriots were not able to go on holiday in 2013, according to the figures...
Eleven steps to a financial crisis
By Jim Leontiades There were many influences leading to the Cyprus financial crisis. Many of these were due to local persons and organisations but there...
Radiomarathon falls short but organisers still pleased with results
By Peter Stevenson ALTHOUGH this year’s annual Radiomarathon only collected less than half the amount of previous years, it had met its target given the...