Cyprus to end Social Insurance Fund borrowing and begin €12bn repayment plan

The government will halt borrowing from the Social Insurance Fund (SIF) and begin repaying an estimated €12 billion debt, labour minister Marinos Mousiouttas affirmed on Tuesday. Addressing stakeholders and trade unionists at a conference of the labour advisory body, Mousiouttas described the move as a “structural shift in how the state manages pension-related finances”, with […]