Cyprus. Finance Minister warns of danger of destabilization of economy if restoring pension payments
Cyprus's economy faces the danger of destabilization as it still struggles to fully recover from the 2013 crisis, as a result of recent court decisions declaring illegal cuts to salaries and pensions of public servants, Finance Minister Haris Georgiades said on Wednesday. "Fully restoring cuts in the salaries of public employees in compliance with the court decisions involves a potential danger of destabilization of the economy", Georgiades said. Public servants had their salaries, pensions and one-off payments at retirement...