Cyprus has made a "determined start" to its rescue programme, according to a report published on Wednesday (18 September) by the country's creditors.
"[But] consumer confidence remains at historically low levels, while labour market conditions are gradually worsening and weighing on private consumption," the report said.
The findings are part of the first review of the €10 billion programme agreed in April and carried out by the Troika, composed of officials from the European Comm...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.