In todays episode, European Central Bank President Christine Lagarde, said that while Cyprus would inevitably be affected by rising inflation and deteriorating growth, its economy was better equipped to handle the crisis than it was previously. In other news, the cabinet has approved a bill giving trade and energy minister, Natasa Pilides, the power to set a maximum gross profit margin for traders in an attempt to stem price gouging as the cost of basic items continue to soar; and Nicosia police have arrested a 32-year-old woman in connection with a case of obtaining €24,000 from a couple under false pretences.
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