Commission calls for renewed fiscal vigilance in Cyprus

European Commission Staff in liaison with the ECB, the ESM and in parallel with the IMF, concluded Friday that the risks for Cyprus’ capacity to service its debt to the European Stability Mechanism remain low and the country is currently benefiting from robust growth and improving conditions in the financial sector. The Post Program Surveillance report prescribes, however, vigilance and calls the government to resist fiscal relaxation pressure.

Source: Cyprus News Agency