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...
wealth
Household wealth in Cyprus sits around EU average
The material wealth of households in Cyprus was around the EU average in 2018, according to new figures. The Actual Individual Consumption (AIC) expressed in...
Households wealth at 92 per cent of European average
Actual Individual Consumption (AIC) per capita in Cyprus stood at 92 per cent of the EU average in 2017, according to Eurostat, the statistical service...
A history of religious interference
By Gavin Jones Christianity has been with us for two millennia give or take a few years, and its presence has been both a unifying...
Wealth statements draw derision
The source of wealth and funds statements of 75 public officials released to the public drew public derision on Tuesday. Greens MP Giorgos Perdikis warned...
Wealth inequality on the rise in euro zone, net wealth drops almost 40 per cent in Cyprus
The concentration of wealth among the euro zone’s richest has increased since the bloc’s debt crisis began, with poor families suffering the biggest drop in...
Where the super-rich inherit their wealth
In every country in the world, there are countless stories about billionaires who built massive business empires despite humble beginnings. In Austria, however, a billionaire...
Richest 62 people own same as half the world’s population – Oxfam
By Alex Whiting The wealthiest 62 people now own as much as half the world’s population, some 3.5 billion people, as the super-rich have grown richer and...
Richest 1pct will own more than the rest by 2016 – Oxfam
More than half the world’s wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity...