Crisis: Cyprus, 13th salaries next for the cutting
Thursday, 26 April 2012
(ANSAmed) - NICOSIA, APRIL 26 - Cyprus' Finance Minister Vassos Shiarly neither denied nor confirmed yesterday whether cutting the public sector's 13th salary was one of the measures the government was considering to plug a 150 million to 200 million euros shortfall from the 2.5% fiscal deficit target in 2012, as Cyprus Mail reports today. Unions oppose any moves on the 13th salary, which is given out at Christmas. "I cannot be clear; any measure would first be discussed with the social partners," Shiarly told reporters when pressed whether the 13th salary was on the table. The minister stressed that any measures should be put in place as soon as possible because any delays could render them ineffectual.
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