European Parliament Library

Cyprus :, 2011 Article IV Consultation: Staff Report; Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cyprus

The 2011 Article IV Consultation report discusses the Cypriot economy, which faces strong headwinds and downside risks owing to financial turbulence in the euro area and the large exposure of Cypriot banks to Greece. Executive Directors noted that Cyprus faces daunting economic challenges in the face of faltering external demand and worsening domestic financial conditions. Directors urged the authorities to act forcefully to restore sound public finances and safeguard the stability of the banking system
Table Of Contents
Cover; CONTENTS; BACKGROUND; A. Pre-Crisis; BOXES; 1. Savings and Investment; B. Impact of Crisis; CURRENT VULNERABILITIES AND OUTLOOK; 2. The Housing Market; 3. Competitiveness and Structural Issues; A. Fiscal Policies and Financing; 4. Structure of Cypriot Banking System; POLICY DISCUSSIONS; A. Fiscal Policies and Financing; B. Financial Sector; C. Structural Reforms; STAFF APPRAISAL; FIGURES; 1. Short-Term Indicators; 2. Economic Indicators, 2004-2012; 3. Financial Indicators; 4. Fiscal Sector; 5. Public Debt Sustainability: Bound Tests; 6. External Sector; 7. External Debt Sustainability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (56 p.)
Specific Material Designation
Form Of Item

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