The Cyprios have just been hit with a tax holiday that will make their government’s tax system less effective and that could make it difficult for them to repay debt.
The Cyprio government is now facing a tax bill of more than $1.5 billion and, if the bill isn’t paid, they will have to pay interest on that amount and pay interest and penalties.
The government has been facing pressure to pay up the debts owed to other countries, such as the United States and Europe, as well as to pay off its own debts.
The Greek Cypriy Finance Minister Panos Kammenos has been pushing for a debt repayment plan that includes a haircut for Cypriotes as part of the plan, but his efforts have been blocked by the government of Cyprus.
The country’s finance ministry issued a statement saying that “Cyprus has not yet made any financial proposals for a haircut, but its aim is to pay the bill, and the Cyprus government is committed to meeting its obligations and paying back the debts it owes.”
The statement also added that “a haircut to Cypriote citizens is in the interests of the Greek Cypreos and the entire Cypriota population.”
Cyprus and Greece are two of the most indebted countries in the world.
The Cypreo government owes more than 90% of its debt to other nations, including the United Nations, the International Monetary Fund and the European Union.
Cypriowans have already faced significant difficulties in paying their debts, with many going bankrupt or facing a loss of jobs.
In addition to the tax bill, the government is facing a potential €1.2 billion loan payment from the European Central Bank, which is the largest loan ever issued by the ECB, and a possible €1 billion loan from the International Bank for Reconstruction and Development.
The IMF and the EBRD are also expected to pay a loan of around €600 million from the ECB.
The European Union has said that Cyprus must repay its loans by the end of April.
The International Monetary Commission said on Friday that it will provide a further €600m in aid to Cyprus if it can get a deal on its debts before then.
Cyprus’ banking system has been under strain for several years due to the financial crisis and the collapse of the country’s banking sector.
The Cyprus Central Bank has also been forced to take a hit.
It has also taken drastic measures to prevent banks from being shut down by the authorities.
In recent months, the country has also had to take steps to shore up its banks to prevent a repeat of the economic crisis.
In June, the Cyriot parliament approved a series of measures that were intended to prevent the bank shutdown, such for instance by increasing the number of depositors and issuing new banknotes.
The government has also faced a huge public debt burden, which has reached more than €300 billion.
According to the Cyrenaica Fiscal Monitor, the total debt burden in Cyprus was about €1 trillion in 2016.
The Cyprus government has said it will not default on its debt, but the amount of money owed by Cyprias banks to other creditors will have a significant impact on their ability to pay.
The banks are currently allowed to issue a total of €5 billion in loans to their customers.
This includes loans to companies and other creditors.
Cyprios banks have been able to meet their obligations to other governments, including a loan from Germany in 2015, and from the World Bank in 2016, but this will now be affected by the Cyprus debt haircut.
If Cyprians banks are not able to repay all their debt, it could cause a severe financial hardship for the Cypreots.
Cyrenaicas government has already been forced into borrowing funds from international banks, which would not be able to provide them with the necessary cash.
The governments government has faced pressure from the central bank to increase the amount that banks could borrow, and to keep up with inflation, as inflation is expected to continue to rise.
The debt issue could also affect Cypria’s access to international credit markets, and it could affect the countrys ability to attract foreign investment.
Cyprus is also the third largest investor in Greece, having invested more than a billion euros in the country in 2016 and 2017.
According to data from the OECD, Cyprus has been the most vulnerable country to the economic slowdown in Europe, with an estimated 9.4% of GDP growth since the end, compared to 2.8% in Greece.
This was due to a high unemployment rate, which was about 28.7% in 2016 compared to 16.4%.
The unemployment rate has also risen significantly in 2017, rising to 31.7%.