Twin evils make living hard for Cypriots

The significance of the crisis that has engulfed Cyprus has been revealed in two new statistical surveys. In the first one, coming from Eurostat, we learn that one in four residents of Cyprus had been living in conditions of relative poverty in 2011, even before the recent economic developments. The second worrying set of statistical data paints a deteriorating picture of unemployment in the country.

Eurostat says that in 2011 24.6% of Cypriots fulfilled at least one of the three criteria used to determine whether someone lives in poverty: level of income, lack of basic means of living and households in unemployment.

For the full story, please click here

(Photo: Evangelos Vlasopoulos/