government banking sector

Cyprus Government and Banks Accumulating Cash Reserves

Les Manison, a seasoned economist, sheds light on Cyprus’ financial landscape, emphasizing the need for strategic resource reallocation to support economic growth and societal welfare. With government surpluses and bank cash reserves at record highs, the shift towards investing in social security, green initiatives, and digital advancements could be the key to a more resilient and prosperous future for Cyprus.