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Press: PASYDY on strike

15/12/2011 07:23
The major issues in today’s financial press are the new strikes of the public employees and the approval of the fiscal consolidation bills by the Parliament.

The newspaper “Phileleftheros” refers to PASYDY’s decision to stage strikes. PASYDY’s decision found no response from the rest of the trade unions. Sources say that PASYDY took the decision after rumours for additional measures.

The “Economy” inset of the newspaper refers to the fiscal consolidation bills approved by the Parliament yesterday. The House approved the freezing of the salaries and COLA in the public sector for two years, the special contribution of the private employees and the VAT hike.

Other headlines:

- Struggle to receive delayed revenues of €1.5 billion

- Companies push IRD revenues up in January – November

- Wastage, wrong decisions and hopes, the MPs say

- Social partners have a role

The newspaper “Politis” refers to the consensus of the parties in Parliament in passing all governmental measures. PASYDY failed to sabotage the Parliament and the approval of the measures.

The “Economy” inset of the newspaper refers to the three bills approved by the Parliament on the institutional framework to secure banking stability. According to the report, as soon as the support mechanism is activated, the appointment of Board members in a bank will require the agreement of the House Finance Committee.

Other headlines:

- IRD revenues in crisis

- New distinction for Bank of Cyprus – From Global Finance

- Investments brought profits and customers – MTN turnover exceeds €100m

- Debt at 120% of GDP – Bank forecasts on Greek debt after haircut

The newspaper “Simerini” refers to the new strikes of the public employees as a protest against the measures without social dialogue. PASYDY announced yesterday new strikes, while the public employees will be prevented from exercising their duties in the municipal elections.

The “Economy” inset of the newspaper refers to the approval of the fiscal consolidation bills by the Parlaiment yesterday, few hours before the expiry of the Commission’s ultimatum. The Parlaiment is expected to approve the budget today.

Other headlines:

- What did the MPs say about the strike?

- The failure to take measures led to the crisis - MPs

- Uncollected taxes at €1.5bn

- One more distinction for BOCY

The newspaper “Haravgi” refers to the approval of the fiscal consolidation measures by the Parliament yesterday, despite the difficulties from the public employees’ strike.

The “Economy” inset of the newspaper refers to PSYDY’s decision to go on a strike, reacting to the parties’ intention to approve measures concerning the employees.

Other headlines:

- Rumours are an intentional crime

- Air traffic controllers strike is irregular

- Special group for uncollected debts

- CSE marginally up

The newspaper “Alithia” highlights that despite PASYDY’s reactions, the parties approved the fiscal consolidation bills.

The "Economy” inset of the newspaper refers to the decision to introduce a special group for the uncollected revenues.

Other headlines:

- CSE slightly up

- Packaging plant reopened today

- Reservations of reinsurers on Mari lifted – Atlantic Insurance

- PSI is the “key” for the viability of the Greek debt