FINANCE Minister Vassos Shiarly yesterday sought to put to rest talk that international lenders wanted to harm Cyprus, reminding that they would be providing the island with much-needed funds it could not get anywhere else.
“I do not believe the troika is coming here to harm the economy if this is the message some people want to give. It is not the case,” Shiarly told the state broadcaster.
To secure the cash, Cyprus must agree to certain conditions – an adjustment programme which includes measures, especially concerning the public sector, that have prompted the reaction of unions.
They are coming to finance Cyprus at a rate of 2.0 to 3.0 per cent “which we could not find any other way,” Shiarly said.Read More