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Cyprus Minister of Finance Constantinos Petrides and the European Stability Mechanism (ESM) Chief Klaus Regling pointed out the need to maintain fiscal space which would enable states to tackle a possible future crisis, such as the 2020 Covid pandemic. Addressing the Economist Summit, held in Nicosia, Petrides said that Cyprus is one of the few Euro area countries which in 2021 will recover the ground lost during the 2020 covid pandemic, but noted that challenges remain. “Challenges are many, in the economy …
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