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Cyprus recorded the European Union’s largest quarterly decline in government debt relative to gross domestic product (GDP) during the second quarter of 2026, as the country’s public debt continued to fall while debt ratios across the EU and the euro area increased. Figures published by Eurostat on Wednesday showed that Cyprus’ general government gross debt-to-GDP ratio dropped to 48.5 per cent at the end of June, down from 51.5 per cent at the end of March. The decrease of