Disy urges emergency plan to address economic impact of Middle East crisis

Nicosia, Cyprus. Opposition party Disy called for an emergency and holistic plan to address the economic impact of the Middle East crisis, warning that inaction is not an option amid rising uncertainty.

Call for targeted support

Disy said the government should provide specific aid to essential areas of the economy, including households, the tourism industry, investment projects, farming, and those at risk.
“Measures that support consumers, vulnerable groups, tourism, investment and the primary sector,” the party said.
“The short-term effects may have long-term consequences,” it added.

Need for immediate coordination

Disy said immediate and coordinated action is required to mitigate risks stemming from the evolving regional situation.
The party said it is monitoring developments daily and analysing possible scenarios, and that it has already submitted proposals.
It added that it remains ready to contribute constructively to the management of the situation.

Fiscal space and discipline

“Due to the high level of uncertainty, we stress the need to maintain fiscal space that ensures economic stability,” the party said.
The statement also underlined the importance of preserving fiscal discipline to safeguard economic resilience during a period of heightened volatility.
“We also stress the need for prudence and seriousness from all political forces,” the party said.

What measures do you think should be prioritised to protect households and key sectors during this period of uncertainty?