Nicosia.- (CNA) – The economic policies that have been implemented in southern Europe have not led to the exit of the countries from recession and stagnation, but they have rather deepen it, House President Yiannakis Omirou has said.
Omirou was addressing the second session of the Cyprus Children’s Parliament on Saturday, which discussed the economic crisis and in particular its effects on the implementation of children’s rights.
“It is a critical issue for the very future of the European Union how the European Institutions should decide and implement policies that will help the Union exit recession and stagnation,” said the President of the House.
He also noted that the economic crisis is the result of unregulated globalization, lack of control and regulatory mechanisms, especially in the financial systems, but it has also resulted from the dominance of the markets over economic governance and mismanagement of public wealth.
The children, he underlined, are the innocent victims of this situation, which requires fiscal consolidation and growth policies. Omirou referred to the negative effects of the crisis on children’s welfare.
House President stressed that the financial problems should not affect the health sector and education, as this would have tragic consequences on children, it will adversely affect development of educational programs and school staffing.
The state, he concluded, should be seriously concerned about these issues and try to minimize the negative impact of the crisis on children.