The Government welcomes the review of the outlook for Cyprus to “positive” by Standard and Poor’s according to which there has been an improvement in the public finances of the country. At the same time Fitch have reduced the Hellenic economy by three notches, from B to CCC, forecasting political uncertainty, a reduction in liquidity, loss of confidence and did not exclude the possibility of introduction of capital controls.
The Government welcomes the review of the outlook for Cyprus to “positive”.
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