Cyprus finances improved most since pandemic, ESM finds

Overall eurozone fiscal data shows significant divergences in the fiscal performance of member states in recent years. Roughly half of eurozone countries, including the five countries that received financial support from the European Stability Mechanism (Cyprus, Greece, Ireland, Portugal and Spain), have achieved substantial improvement in their public finances since the pandemic, reducing public debt and narrowing fiscal deficits, according to the Euro Area Stability Watch 2026 report...