Cyprus likely first up to tap ESM pandemic crisis support line

EU_shadows_575x375_Adobe_020420
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 TradingEconomics.com, meaning that it is eligible to borrow €447m from the ESM. Once Cyprus's ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.