EU Sees Cyprus Job Recovery

NICOSIA – Despite soaring unemployment levels caused by austerity measures attached to a bailout, Cyprus’ job picture is getting better, European Commission Vice President responsible for Jobs, Growth, Investment and Competitiveness Jyrki Katainen said.

Katainen said the Cypriot government, which hammered the populace as part of a deal with international lenders, has done a good job putting the country on the road to recovery, even if it’s cost many people their homes, jobs and live savings.

“When looking from outside the Cyprus economy and the program how well the country has addressed the challenges the overall picture is positive,” he told reporters, referring to the agreement President Nicos Anastasiades signed with the troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB) that put up a 10-billion euro rescue two years ago.

In a nod to the suffering, he said he knew that, “Many issues are locally controversial, many people have faced sacrifices, many people have lost a lot, there is high unemployment, but when looking at how Cyprus reacted when the problems came to the daylight it was a very rapid reaction and the way with which the country addressed the challenges was credible.”


NICOSIA - Using testimony from British veterans Cypriots fighting for independence from the United Kingdom in the 1950’s, a book about that dark period in its Colonial history alleged that at least 14 Cypriots were tortured and murdered during an armed uprising.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.