The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan granted to the country in the period 2013-2016.According to a written statement from the Ministry of Finance, the total repayment amounted to €716.67 million (569, 63 m SDR)....
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Cyprus makes early repayment of IMF loan, saving €13.4 million
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Paphos Life
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LouiseCastricum
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Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
That I cute accounting move the debt to the kids they have 20years to pay it
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PW in Polemi
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Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
Oh good, now maybe the government will remember that they increased VAT to its current 19% as a temporary measure during the financial problems period ...
Kay
Those who do not like cats, must have been mice in a former life!
Those who do not like cats, must have been mice in a former life!
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PW in Polemi
- Posts: 790
- Joined: Wed Dec 28, 2016 9:56 am
- Location: Polemi of course! Doh!!! :)
Re: Cyprus makes early repayment of IMF loan, saving €13.4 million
Not so much optimism, Lloyd, more a tongue in cheek comment. Anybody with a grain of realism knows that once a government has got used to receiving and spending the revenue generated by "temporary'" taxes, the word "temporary" becomes forgotten.
Kay
Those who do not like cats, must have been mice in a former life!
Those who do not like cats, must have been mice in a former life!
