cyprus economy — cyprus economy — The government and Akel traded strongly-worded statements over the economy on Saturday, with Akel highlighting that one in six people in Cyprus are at risk of poverty according to the European Union. In response, the government defended its economic record, asserting that the situation has improved under its leadership.
Cyprus economy: Akel Critiques President’s Remarks
Akel began the day by criticising President Nikos Christodoulides’ May Day message, where he touted the achievements of his administration as beneficial to workers. Akel contended that Christodoulides failed to address the EU’s concerning findings regarding poverty.
Minimum Wage Shortcomings
While the President applauded recent increases to the minimum wage, Akel pointed out that the current rate still falls short of the EU’s aim for minimum wages across member states to be at least 60% of the median salary. Furthermore, Akel expressed concern over the delayed ratification by Cyprus of the European directive aimed at ensuring that at least 80% of workers are covered by collective bargaining agreements.
Urgent Calls for Workers’ Rights
In the wake of May Day rallies held across the island, Akel reported that “thousands of workers of all ages” took to the streets demanding improved workers’ rights and societal dignity. They articulated a clear message against the perceived exploitation of the country’s wealth by banks and the wealthiest citizens.
Government’s Defence Against Claims
In a swift reply, government spokesman Konstantinos Letymbiotis remarked that society does not require lessons in social sensitivity from those whose governance contributed to rising poverty and unemployment. He cited the banking crisis of 2012-2013 as a pivotal moment that Akel seems to have forgotten while critiquing the current administration.
Comparing Poverty Rates
Letymbiotis acknowledged Akel’s right to critique but countered that the narrative should reflect a complete picture. He highlighted that while Akel referenced the troubling statistic of one in six people facing poverty, it neglected to mention that the figure had increased from 23.3% in 2008 to 27.8% in 2013 under their governance. In contrast, he noted that the current rate of those at risk of poverty or social exclusion is 10.7% lower than it was a decade ago.
Focus on Economic Policies
Letymbiotis asserted that the incumbent government is actively implementing policies designed to boost citizens’ incomes. He dismissed Akel’s selective use of statistics, insisting that the broader context demonstrates a significant shift towards improving economic conditions for the average Cypriot.
