The Cyprus borrowers association (Syprodat) has warned that the resurgence of non-performing loans (NPLs) and the worsening housing crisis represent a “double challenge” for the Cypriot economy, threatening both its stability and social cohesion .
In a statement released this week, Syprodat said that the management of bad loans and the resolution of the housing problem “are not merely technical matters of economic policy” but rather “fundamental issues of social
