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Image header Agence Europe
Europe Daily Bulletin No. 11522
ECONOMY - FINANCE / (ae) cyprus

Island returns to financial autonomy

Brussels, 31/03/2016 (Agence Europe) - Thursday 31 March, Cyprus reached the end of a three-year economic adjustment programme.

The island has “managed to restore economic growth and repair public finances much faster than expected. Cyprus' financial sector - which was the main source of the crisis - was restructured, recapitalised and downsized, and the legal and regulatory framework was modernised”, Director General of the European Stability Mechanism (ESM) Klaus Regling said in a...

Contents

ECONOMY - FINANCE
SECTORAL POLICIES
EXTERNAL ACTION
NEWS BRIEFS