The Euro Time Bomb
On Tuesday, Orthodox leaders in Cyprus decided to take a 25 percent pay cut, whilst lay staff will see their income slashed by 15 percent in an austerity drive by the clergy. The influential Church of Cyprus decided to tighten its collective belt as the island’s economic slump and exposure to Greek debt affected its revenues. Church leaders decided to set an example by slashing their own salaries by a larger margin. Archbishop Chrysostomos Dimitriou and his fellow bishops also agreed to forgo their 13th monthly salaries, while yet-to-be-announced pay cuts for priests will come into effect from January 2013.
Following Tuesday’s meeting of the Holy Synod, its highest-ranking member, Metropolitan Georgios Papachrysostomou of Paphos, said that salary cuts for lay staff apply to those earning more than 1,500 Euros (61,200 Roubles. 1,900 USD. 1,200 UK Pounds) a month. He told reporters, “There was a discussion and we came to these percentages. Opinions were expressed, but the decision was unanimous”. He said there were proposals for steeper and lesser cuts before the final figures were agreed. The Holy Synod also decided to freeze recruitment to monasteries and the various bishoprics. Although the church is the biggest landowner after the government and has business interests from drinks to banking, its income has suffered as Cyprus tackles the Euro crisis.
4 September 2012
Now, here’s the PROPER way to face an economic crisis. The leaders are taking a BIGGER cut than the rank n’ file are, and they’re doing their best to spare any pain to the lowest-level people. That’s the Christian way, unlike the rightwing way… that has the lower-level people suffering so that the higher-ups can party on, heedless of the pain that they’re inflicting on others. The Cypriot bishops are stand-up guys and real Christians… and godless rightwingers such as Fathausen, Reardon, Dreher, and Mattingly aren’t.
By their fruits, ye shall know them… indeed…