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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Global finance crisis crunches marriages ]

Global finance crisis crunches marriages

Global finance crisis crunches marriages
October 14, 2009

Global markets may be edging towards recovery, but the worst impact of the global financial crunch on families and couples may be still ahead, a leading Australian charity said on Wednesday.

"The economy, we've been told, is showing 'green shoots'. We've certainly not seen that," Kasy Chambers, executive director of Anglicare Australia, told Reuters.

The crisis of the past year is still driving a wedge between couples and families, and could bring higher rates of divorce and breakup in the months ahead as more people lose jobs and come under financial stress, Chambers said, releasing a new report on the impact of the global crisis on families.

"If one member of a couple experiences unemployment in one calender year, they are 70 percent more likely to experience divorce in the following year," she said.

The report said the financial fallout may continue for almost another year as companies tried and sometimes failed to retain staff. One in three families have already experienced financial distress this year, government reports show.

"What we've seen is a real lag," Chambers said. "We've started seeing people we've never before seen in emergency relief services such as those with mortgages, people you wouldn't expect to be coming to us."

Australia's economy grew by 0.6 percent last quarter, as Chinese resource demand helped the country steer clear of a recession buffeting other major economies.

The stronger-than-expected performance should see official forecasts for 8.5 percent unemployment in 2010 cut back in mid-year revisions.


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/17813)



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