Cyprus is under Excessive Deficit Procedure (EDP) since the country's budget deficit is above the 3% of GDP threshold allowed for eurozone members, the European Commission (EC) announced on Wednesday (May 12th).
Ciprul se află sub Procedura de Deficit Excesiv (PDE), deoarece deficitul bugetar al ţării depăşeşte pragul de 3% din PIB acceptat pentru membrele zonei euro, a anunţat Comisia Europeană (CE) miercuri (12 mai).