Cyprus Church Leader Promises Help Amid Crisis
NICOSIA, Cyprus (AP) â¿¿ The leader of Cyprus' Orthodox Christian church vowed to do all he can so that ordinary people "won't go hungry" amid the country's worst financial crisis in decades.
Archbishop Chrysostomos II said the church's property belongs to the people, but "dignity" prevents them from asking for help. He said he has instructed parish priests to discreetly seek out those in need.
Chrysostomos said after Sunday's liturgy that the church would help create jobs "so that smiles can return to our people's faces again."
Cyprus' jobless rate now stands at 15 percent, but economists fear a significant spike in the months ahead following a financial rescue agreement with the country's eurozone partners and the International Monetary Fund that has decimated the troubled banking sector and choked businesses.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV