ESM’s chief economist calls for Cypriot prudence as external risks loom 

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ESM’s chief economist calls for Cypriot...
 © CyprusMail 2019
By Gregois Savva

Rolf Strauch, the European Stability Mechanism’s (ESM) chief economist called for the continuation of prudent economic policies and keeping fiscal buffers as external risks, such as trade wars and Brexit, could affect the growth of small and open economies such as Cyprus.

In an interview with the Cyprus News Agency (CNA), Strauch said that despite the drastic reduction of non-performing loans (NPLs) in the Cyprus banking system, bad loans, along with high public and private debt, remain the country’s key challenges as they amount...


This article was automatically added to our system 27-5-2019

ESM’s chief economist calls for Cypriot prudence as external risks loom 


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Article Tags: chief, economist, calls, cypriot, prudence, external, risks,