Bloomberg report says richest citizen could support state for a year
Cyprus’ richest citizen could support the government financially for more than a
year if it went bankrupt, Bloomberg said in a report.
According to an article published on Bloomerg’s website on Monday, tiled ‘What
If the World’s Richest Paid for Government Spending?’, Cyprus would receive
enough to last for more than a year.
Bloomerg’s ‘2018 Robin Hood Index’, took 49 countries with various political
regimes and expenditure types and the richest individuals of each of these
nations and compared their net worth as of end-December 2017 to the daily
cost of running each government.... [
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