European Commission says current growth opportunity for reforms

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European Commission says current growth...
 © BusinessMail 2018
By Stelios Orphanides

The European Commission said Cyprus’s economic growth offers an opportunity for the island to address excessive imbalances by re-embarking on the reform process which was put on hold two years ago.

The imbalances include “high levels of public, private and external debt, a large negative net international investment position and a high stock of non-performing loans,” which are a “key vulnerability” of banks suppressing credit supply, the commission said in on Wednesday in the 2018 European Semester country report.

“Unemployment is also...


This article was automatically added to our system 7-3-2018

European Commission says current growth opportunity for reforms


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