Cyprus: Crisis sees fruit and veg sales decline significantly
Even sales at the cheaper end of the scale are down. Stallholders selling fresh fruit and vegetables in the capital Nicosia have seen sales halved.
“Sales are down by around 50 percent, people don’t buy the goods they used to, just the basics, mainly potatoes,” one trader explained.
The island’s banks have been hit hard, there is no trust and the rescue plan means they stand to loose huge amounts of money.
Stavros Zenios, a professor of economics at the University of Cyprus, said: “The Cypriot economy is sailing into uncharted waters. The decision has had a positive affect in terms of cleaning up the banking system, however it has hit services that amounts to some 20 percent of the country’s GDP.”
Source: euronews.com
