NEWS OF THE DAY
Interest rates still high
The cost of money in Cyprus is still among the highest in Europe, while the Greek crisis reverses data in the banking system to the burden of the businesses and households. The sharp increase in the cost of money in Greece keeps Cypriot interest rates high.
The latest European Central Bank figures show that the liquidity crisis in the Greek banking system continues to affect the domestic banks, despite the inflow of €9 billion of new de