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Cyprus’ government debt exceeds 15 bln euro

July 22, 2013, 18:48 UTC+3
The government debt to GDP ratio in Cyprus increased by 12.6 percent
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

NOCOSIA, July 22 (Itar-Tass) - Cyprus’ government debt in the first quarter of 2013 reached 86.9 percent of the country’s GDP, Eurostat said in a release on Monday.

Compared with the fourth quarter of 2012, the government debt to GDP ratio in Cyprus increased by 12.6 percent. As of the end of March, Cyprus’ government debt stood at 15.3 billion euro.

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