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Shipping to save Cyprus, President says

Cyprus Mail reports:

PRESIDENT Nicos Anastasiades yesterday invited the shipping sector to play a leading role in the recovery of the economy.
Anastasiades was speaking at the 24th Annual General Meeting of the Cyprus Shipping Chamber in Limassol where he said the industry had not been affected overall by the banking crisis.

“The shipping sector now constitutes a crucial part of the ‘spinal column’ on which the Cyprus economy will depend in its road to recovery,” he said. Shipping contributes around 5.0 per cent to GDP.

“Foresight, proper planning and hard work are therefore virtues which are now indispensable in our mission to preserve Cyprus’ leading edge. For this precise reason the government is determined to introduce those mechanisms necessary to protect this important sector, as well as reinforce it further,” said Anastasiades.

Here is my translation to human-speak:  we, the government, helped to demolish tourism, banking, and real estate industries.  Shipping – you are next!

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