In the article, Cyprus to Open Casinos to Restart Economy, elaborates on exactly that.
In hopes to boost the growth in economy of Cyprus, they have decided to open some casinos. Their hopes are that by boosting the tourism sector, they will be able to offer jobs to the jobless and bring in outsiders to stimulate the economy.
Some other plans are as follows:
Giving businesses tax breaks for hiring new workers, setting up solar energy parks, young people will be granted state and church-owned land for
cultivation, and those having homes or businesses seized because they're
unable to pay off loans would be able to stay on as renters.
How do you think this will transform Cyprus in the future? Will this put Cyprus on the road to recovery? What else, if anything, do you think Cyprus could/should do?
Had Cyprus banned gambling before now? If so, I think casinos are a good idea, but they have some risks, no pun intended. When I think of casinos, I think of super rich owners and board members. They don't seem to be businesses which provide an equal income distribution.
ReplyDeleteHopefully bit coins help out the situation in Cyprus.
ReplyDelete