Finance Ministry prepares response to offset impact from Court ruling on crisis wage cuts, FinMin tells CNA

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Cyprus Finance Ministry is preparing response measures in case the Court of Appeals upholds a ruling by the Administrative Court that the wage and pensions cuts in the public sector during the 2013 financial crisis have violated the Constitution and should be reinstated, Finance Minister Constantinos Petrides has said. In an interview with CNA, Petrides said the Finance Ministry is examining measures, including the amendment of the Constitution, as well as alternative fiscal measures, to offset the impact on public finances. Furthermore, …

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