Government debt rises to €19bn in December, PDMO says

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Government debt rises to €19bn in December,...
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By Stelios Orphanides

Cyprus’s public debt rose by €357.1m in a year, to €19bn last December, the Public Debt Management Office (PDMO) said.

The largest creditor was the European Stability Mechanism (ESM), which, together with the International Monetary Fund (IMF), financed Cyprus’s bailout four years ago with €6.3bn and €1bn respectively, the PDMO said. The second largest creditor was the Russian Federation with an outstanding loan of €2.5bn.

The public debt also included €4.2bn in European Medium Term Notes traded on the secondary market...


This article was automatically added to our system 23-2-2017

Government debt rises to €19bn in December, PDMO says


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Article Tags: government, rises, december,