Cypriot recovery "on track" but still faces risks, IMF says

Cyprus is delivering better fiscal performance than expected but its economic recovery still faces risks because it is unclear whether the reorganization of its banking sector will be successful, according to the International Monetary Fund. The European Commission said in a separate report that stabilizing the Cypriot banking sector has consumed "more time than initially foreseen due to the complexity of the situation."

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Cyprus Mail · Ahram Online (Egypt) · Famagusta Gazette Online (Cyprus), The

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