EC, ECB and IMF (called as Troika altogether) have published an - TopicsExpress

EC, ECB and IMF (called as Troika altogether) have published an official statement upon their fourth review of the current Cyprus economic programme. It says in the report that “Cyprus programme remains on track”. Moreover, it was outlined that Cyprus performed at a decent level and fiscal targets for the first quarter of 2014 were met. The statement also reflects better-than-expected revenue performance. In general, the most importable issue at the moment is to reduce the number of NPLs that will “allow for a resumption of credit to the private sector to support growth and job creation”.

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