Many of them have become far too greedy and have also destroyed the environment of the island without giving a damn about the long-term effects!The chairman of one of the largest ones is also head of the largest bank-what more can you say???We already have far too many empty,unsold houses in Cyprus,north and south so if they all closed it might be a blessing in disguise!
I wouldn't pay much attention to anything a British 'Peer' might have to say on ANY subject.
Coming from a nest of thieving bastards, any comments regarding the welfare or well-being of any other than themselves, should be taken with a pinch of salt (so they say). (IMHO)