Minister of Finance Constantinos Petrides welcomed a ruling by the Cyprus Supreme Court which upheld the government’s decision to impose salary and pension cuts in the public sector during the 2013 financial crisis.
His remarks came as President Nicos Anastasiades voiced his satisfaction with the “independence, credibility, integrity and high level of the judiciary in Cyprus” and congratulated the attorney general for his flawless handling of the case.
Speaking to CNA, Petrides said the decision “legally consolidates the government’s policies that safeguard fiscal and macroeconomic stability and enable compliance with the fiscal rules of the European Union.”
The decision, he added, “is particularly important in this period of economic crisis, where the economy as whole is striving to tackle the consequences of the (coronavirus) pandemic,” he stressed.
He also thanked the Attorney General and the Cyprus law office for the legal support.
Είναι με ιδιαίτερη ικανοποίηση που διαπιστώνω για άλλη μια φορά την ανεξαρτησία, την αξιοπιστία, το ακέραιο και το υψηλό επίπεδο της Δικαστικής Εξουσίας της πατρίδας μας. Συγχαρητήρια στον Γενικό Εισαγγελέα για τον άψογο χειρισμό της υπόθεσης.
— Nicos Anastasiades (@AnastasiadesCY) April 10, 2020
In March 2019 the Cyprus Administrative Court ruled that the salary and pension cuts imposed on the employees of the public sector violated the Constitution. Earlier today, the Supreme Court plenary approved an appeal by the government, deeming that salary and pension cuts were in accordance with the Constitution.
