Wealthy households, high debt and low incomes
Cypriots own a lot of property but that hides the true story
Ultimately, economics is about people. In this connection the ECB Household Finance and Consumption Surveys (HFCS) provide valuable ...
The consequences of wealth inequalities in Cyprus
Wealth inequality is much more severe than income inequality
There are many reasons why high and increasing economic inequality is a worrying phenomenon. It can be a problem in itself, ...
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 by September 2015 had reduced its ...