Cyprus’s Supreme Court reserves judgement in...
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Cyprus’s Supreme Court sitting in full chamber reserved its judgment on Friday, in a case which economic analysts termed as perhaps the most consequential and far reaching, which is related to the viability of the country’s economy. The decision concerns the legality of austerity measures the government imposed as part of its bailout agreement with international lenders in March 2013. The measures, which resulted in the reduction of salaries and pensions by 12.5 percent and in levies to raise money...
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