Coronavirus: Finance minister – ‘we cannot win this war without state-backed loans’

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Coronavirus: Finance minister – ‘we cannot win...
 © CyprusMail 2020
Finance Minister Constantinos Petrides urged parties to approve a government bill for state-backed loans to people and businesses affected by the fallout of the coronavirus crisis, warning that the country did not possess unlimited fiscal weapons.

Speaking at the presidential palace on Wednesday, Petrides said Cyprus could not fight the war without the state guarantees.

“In this war we want to use all available weapons in our possession,” he said.

The minister added that Cyprus was among the first countries which announced one of the boldest...


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Coronavirus: Finance minister – ‘we cannot win this war without state-backed loans’


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Article Tags: coronavirus, finance, minister, cannot, without, state, backed, loans,