Restructuring public and financial organizations of Cyprus in response to global economic and financial stress

Abstract

This thesis is trying to provide gadgets, tools and information so all the elected presidents, ministers and public managers even public workers and all people associated with the public and financial sectors understand alternative ways after restructuring to function in a better and innovative processes in a long term development .Restructuring financial and public sectors may divided into separate topics analyzing how the situation in Cyprus lead to these results and explaining ways and examples from other countries in a technical way to restructure public services and make them function in a sustainable way. A lot of managers for sure have a lot of doubts for restructuring with the fear of change but these things need to be changed so to remain in the same levels like other European countries .Government needs to figure ways to increase productivity efficiency through its servants so to start growing in a way of future development .After the crisis happened to big countries like Spain ,Ireland ,Greece and Portugal, Europeans are in pressure to investigate the right tools , channel them through mechanisms and use it to save the euro currency and its value oppose to this global economic and financial fuzziness and stress. Looking ahead, in Cyprus restructuring the public services and stabilizing the banks with the combination of reduced spending, accelerate operation to boost investment, we can say that there is an exit to the tunnel for this country to have prosperity and return back to growth.