Slow growth threatens public debt sustainability, finance ministry says

By Nicholas Kakouros

Cyprus’s public debt, seen at 107.5 per cent of gross domestic product in 2014, may continue to rise in the years to come and become unsustainable if the economy grows 0.5 per cent slower than expected, the finance ministry said.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.