The economics of the coronavirus

CyprusMail | Mar 27, 2020 at 2:28 AM
  • WHAT we collectively call ‘the economy’ is a fairly complex system of interactive economic sub-systems in which a plethora of checks and balances ensures that the overall system is kept in an equilibrium and functions effectively and efficiently.
  • In its efforts to tame the beast, the Cyprus has gone on a spending spree – on medical supplies and equipment, requisitioning the services of medical and other staff, requisitioning private clinics and hotels, repatriating people to Cyprus.
  • One is financially helping people in need and the second is pumping money into the economy to keep the ball rolling.