In a recent column Alexander Apostolides suggested that the international community could support a solution of the Cyprus problem if the two communities’ biggest creditors wrote off debt.
That would be Turkey for the Turkish Cypriots and the Troika lenders – the European Support Mechanism (ESM) and the International Monetary Fund (IMF) for the Greek Cypriots.
Greece has made talk of debt write-offs somewhat toxic these days, however, so maybe there is a more palatable way of approaching it.
The credit rating agency, Fitch Ratings, said in April that it expected the “buffer” in the Cyprus bailout programme……………..
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