All hopes of modernising the economy have now been dashed

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All hopes of modernising the economy have now...
 © CyprusMail 2017
By George Koumoullis

IT IS SAID the biggest robbery of all time in in real terms – that is taking into account inflation – was carried out in 1990 when John Goddard, an English messenger, was robbed at knife-point of Bank of England Treasury bills and certificates of deposit from banks, worth a total £292 million.

This robbery pales, however, when compared to the theft by Cyprus Airways (CY) that lasted decades with the support of the government. Although it may sound like an oxymoron, this was lawful theft. On the one hand, CY exploited its monopolistic status, imposed extortionate...


All hopes of modernising the economy have now been dashed


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