Crisis and Decisions in Cyprus: Euro-Contagion and Prospects for Reunification
As Cyprus struggles to forgo being another player in the Eurozone debt calamity, many tough choices will have to be made in the coming weeks and months. Reshuffling the cabinet and tight fiscal policies could stiffen resolve behind austerity measures that, if adopted, could possibly see Cyprus through its economic crisis. For the first time in over half a century of the Republic’s history there is a call for early elections. These are certainly difficult times for Cyprus. With the coalition party, DIKO, pulling out and leaving AKEL the only party supporting the administration, the economy edging towards a bail-out, and the whole Mari fiasco explosion there is little room for any serious talks or remedies for successful negotiations with Turkish Cypriots. Can Christofias hold on to his post for the next 18-months of his presidency to regain voter confidence? Will Cyprus need an EU bail-out or can it pull through the economic crisis on its own? And in the wake of a politically feeble government and economy, what are the prospects for a settlement of the Cyprus problem?
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Overview
As Cyprus struggles to forgo being another player in the Eurozone debt calamity, many tough choices will have to be made in the coming weeks and months. Reshuffling the cabinet and tight fiscal policies could stiffen resolve behind austerity measures that, if adopted, could possibly see Cyprus through its economic crisis. For the first time in over half a century of the Republic’s history there is a call for early elections.
These are certainly difficult times for Cyprus. With the coalition party, DIKO, pulling out and leaving AKEL the only party supporting the administration, the economy edging towards a bail-out, and the whole Mari fiasco explosion there is little room for any serious talks or remedies for successful negotiations with Turkish Cypriots.
Can Christofias hold on to his post for the next 18-months of his presidency to regain voter confidence? Will Cyprus need an EU bail-out or can it pull through the economic crisis on its own? And in the wake of a politically feeble government and economy, what are the prospects for a settlement of the Cyprus problem?
This event is co hosted by Strategy International (Thessaloniki, Greece)
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Global Europe Program
The Global Europe Program is focused on Europe’s capabilities, and how it engages on critical global issues. We investigate European approaches to critical global issues. We examine Europe’s relations with Russia and Eurasia, China and the Indo-Pacific, the Middle East and Africa. Our initiatives include “Ukraine in Europe” – an examination of what it will take to make Ukraine’s European future a reality. But we also examine the role of NATO, the European Union and the OSCE, Europe’s energy security, transatlantic trade disputes, and challenges to democracy. The Global Europe Program’s staff, scholars-in-residence, and Global Fellows participate in seminars, policy study groups, and international conferences to provide analytical recommendations to policy makers and the media. Read more
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