Sunday, July 27, 2014





Indebted Cyprus downsizes independence day parade


September 20. 2013 8:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Celebrations to mark Cyprus' 53rd year of independence from British colonial rule are not immune from the country's economic crisis.


To save money, authorities decided to drop for the first time tanks and other vehicles from a parade held annually in the ethnically split country on Oct. 1.


Defense Minister Fotis Fotiou says a people-only parade, as is common practice in most other EU countries, is enough to honor the country's independence and buoy public morale.


Fotiou said Friday that all the money saved will go toward providing morning meals to school children in need. Cyprus' jobless rate stands at 17 percent and is rising.


Cyprus in March agreed with international creditors on a multibillion-euro financial rescue that gutted its banking sector.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds