Cyprus Mail
Business Cyprus

Cyprus running out of time to resume stalled reform process, fiscal watchdog says

The EU will likely put pressure on Cyprus soon to resume its reforms process, virtually suspended after the island’s exit from the bailout adjustment programme, the head of the fiscal watchdog said in an interview.

“All those who believe that the exit from the program will give the green light to return to practices of the past, will soon realise that this is not the case,” said Demetris Georgiades, head of the Fiscal Council, a body tasked with monitoring fiscal developments and planning to avoid derailment.

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