They won’t be on their own there then !
- the island is making ” relatively good progress”
EU Commission sources on Rtrs/Bbg
The key challenge is getting a handle on the non-performing loan issue.
Right now NPLs are exceeding 50% of domestic bank loan books. It’s crystal clear this is an issue which needs to be addressed
- Troika’s Cyprus bailout review ( the 5th) has reached a positive conclusion
They’re all getting free holidays over there this summer.