The International Monetary Fund said Friday that substantial risks still loom for the Greek Cypriot economy even after a multibillion-dollar international bailout aimed at averting a debt default.
The International Monetary Fund said Friday that substantial risks still loom for the Greek Cypriot economy even after a multibillion-dollar international bailout aimed at averting a debt default.
NICOSIA: Cyprus faces substantial risks to its outlook, with concerns a forecast recession could be deeper than anticipated, the Governor of its Central Bank said in a prepared speech on Wednesday.
Macroeconomic risks to the island state, which narrowly averted financial meltdown in March, were "unusually high" as were banking sector risks, according to the speech, which was delivered to a Nicosia conference by a senior manager of the Central Bank.
Get Real! wrote:Your concern is very touching! How much would you like to donate?
Get Real! wrote:Your concern is very touching! How much would you like to donate?
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