Cyprus follows Greece into crisis

The Cypriot economy is struggling. It may now follow Greece's negative example, the daily Cyprus Mail warns: "Our tourist industry is tired, bedraggled and overpriced; our civil service over-staffed, over paid and inefficient; and our construction industry overstocked and riddled with debt. We have a communist president and a capitalist depression caused by banks and finance companies. We are a nation in debt with no visible way out. ... Drastic situations require drastic measures, but when will we wake up to the fact? Too late inevitably and then the muck will hit the fan and Cyprus will follow Greece in its downward spiral to impoverishment."

» full article (external link, Greek)
More from the press review on the subject » Economic Policy, » Cyprus