Minister of Finance Charilaos Stavrakis said President of the Republic Demetris Christofias, the government and the ministers were doing much to limit the consequences of the global financial crisis, noting that figures spoke for themselves.
Addressing a trade union meeting, Stavrakis said that "in the last quarter of 2008 we had the highest growth rate in the Eurozone, in 2009, according to official European Commission projections, we are again expected to have the highest growth rate among the old members of the Eurozone."
Stavrakis pointed out that "the higher the growth rate, the less pressure you have towards unemployment."
"It has been estimated that we will have a growth rate of about 2.5% to 3%, taking into consideration the increase of inflation. Unemployment remains stable," he said.
Addressing a trade union meeting, Stavrakis said that "in the last quarter of 2008 we had the highest growth rate in the Eurozone, in 2009, according to official European Commission projections, we are again expected to have the highest growth rate among the old members of the Eurozone."
Stavrakis pointed out that "the higher the growth rate, the less pressure you have towards unemployment."
"It has been estimated that we will have a growth rate of about 2.5% to 3%, taking into consideration the increase of inflation. Unemployment remains stable," he said.
( Retirado do jornal CYPRUS NEWS AGENCY - 29.03.09 )
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