Cyprus Mail
Business Cyprus

Finance minister says foreclosure suspension may harm economic recovery

By Stelios Orphanides

Finance minister Harris Georgiades said the extension of the suspension of the foreclosures bill until March 2 by parliament on Thursday, would have a a negative effect on growth.

Georgiades who was talking on state radio CyBC today said the vote may further delay the resumption of Cyprus’s funding by international creditors, which in turn delays government payments.

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