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13° Nicosia,
13 December, 2018
 
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Finance Minister tweets Winston Churchill

Cyprus is eyeing a 10 year bond sale at a rate around 2.4% as of today

Newsroom

Finance Minister Haris Georgiades had apparently lots of worries on his mind when he tweeted a well known quote from Winston Churchill.

Was it the teachers striking or was it the performance of the Cyprus economy?

Although he has been criticized for adopting austerity policies, the numbers tell a different story. Cyprus over the weekend succeeded in getting its credit worthiness upgraded by Standard & Poor's, unemployment is at 7.5%, much lower than when he took his post back in 2013, growth rates are at 3.9% of GDP and Cyprus is eyeing a 10 year bond sale at a rate around 2.4% as of today. 

Perhaps, after all, everyone should heed the words of Churchill. 

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