Cyprus likely first up to tap ESM pandemic crisis support line

By Lewis McLellan
22 May 2020

Cyprus may become the first country to access the ESM’s pandemic support line, borrowing 2% of its GDP for up to 10 years.

Cypriot finance minister Constantinos Petrides said in an interview Thursday that Cyprus will take advantage of the ESM’s line to provide funds for healthcare

Cyprus’s GDP at end of 2019 was €22.4bn, according to, meaning that it is eligible to borrow €447m from the ESM. Once Cyprus's ...

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