Georgiades Under Unbearable Pressure To Spend In Public Sector

16:04 - 23 Αυγούστου 2016

Finance Minister Harris Georgiades on August 21 urged MPs to up vote the bill on the state payroll otherwise, sooner or later, the country would find itself facing a new fiscal impasse, Cyprus Mail reports.
In an interview in Alithia newspaper, Georgiades said that if the bill was not passed, it would send a negative message to the credit rating agencies and the international investment community. They will interpret such a development, he said, as undermining the financial recovery “achieved with effort and sacrifice”.
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