Learning from Cyprus

COMMENT

In sharp contrast to this country, Cyprus has not only made a clean exit from its bailout agreement with international creditors; it has also managed to achieve robust growth rates and attract significant investments.

So what is the big difference between Cyprus and Greece that makes the former succeed where the latter is failing? It is consensus between the main political parties in achieving much-needed and ambitious goals, as well as the belief among investors that Cyprus wants them in the country and respects them.

These are the key elements that have been and still are lacking in Greece, despite the painful lessons of the persistent crisis.

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