Cyprus & World News

Cypriots less pessimistic over household economics, says Eurobarometer

12 May, 2014

Cypriots appear less pessimistic over the financial prospects of their households, in comparison to last autumn, according to a Eurobarometer survey conducted for the European Commission last March.
The survey found that Cyprus presents the biggest increase in optimistic responses, compared to a November 2013 study with 53% of Cypriots saying that the financial standing of their household is ‘good’ or ‘rather good’, while 47% say it is ‘bad’ or ‘rather bad’. Positive responses were raised by 11 percentage points since the previous survey.
Moreover, 93% of Cypriots say the employment condition is ‘bad’, compared to 76% in the EU average.
Asked to comment on their professional standing, 40% of Cypriots say it is ‘bad’, while 33% say they are ‘satisfied’.
Respondents said that Cyprus is on the wrong track by 56%, with only 22% believing the country is moving in the right direction.
The Cypriot economy will be better in the next 12 months, 26% said, with 43% saying the opposite and 27% believing it will be the same.
Next year, the economic standing of their household will be better according to 19% of respondents, with 24% saying it will get worse.
Moreover, employment in the next 12 months will improve, 21% of Cypriots predict, with 47% expecting it to deteriorate and 28% saying it will stay the same.
Furthermore, 76% of Cypriots say the economy is the most important problem that needs to be tackled first, followed by with 75%.
Half of the respondents said things would have been better if the country was not in the EU, with 43% disagreeing, while 47% are for the euro and 48% are against it.
Only 7% of Cypriots trust their political parties, with 91% expressing distrust. The percentage of those expressing trust to the government reaches 22%, with 74% noting their distrust. The House of Representatives is trusted by 15%, with 83% distrusting it. Finally, 22% say they trust the EU and 74% say they don’t.