Cyprus

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    High Commissioner for the Republic of Cyprus to the UK: “A Brexit would not be in the interests of the Commonwealth”

High Commissioner for the Republic of Cyprus to the UK: “A Brexit would not be in the interests of the Commonwealth”

If Britain chose to leave the European Union, it would not only have an effect inside the UK, but also on the rest of Europe. In the final month of the referendum campaign, we will be featuring comments from some of Europe’s Ambassadors to the UK on how they view a potential Brexit. Euripides L. Evriviades, High Commissioner for […]

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    Book Review: The Europeanisation of Contested Statehood: The EU in Northern Cyprus by George Kyris

Book Review: The Europeanisation of Contested Statehood: The EU in Northern Cyprus by George Kyris

The Europeanisation of Contested Statehood: The EU in Northern Cyprus is a timely contribution to existing literature on Cyprus, European Studies and Europeanisation. Nikos Christofis argues that George Kyris provides a formative study of the impact and influence of the EU on northern Cyprus for researchers, specialists and non-specialists alike, and a valuable insight into the ‘Cyprus Problem’ that […]

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    The victory of Mustafa Akıncı in northern Cyprus gives hope to Turkish Cypriots of a better future

The victory of Mustafa Akıncı in northern Cyprus gives hope to Turkish Cypriots of a better future

Northern Cyprus held the second round of its presidential election on 26 April, with Mustafa Akıncı defeating the incumbent President, Derviş Eroğlu. Rebecca Bryant writes on what the result of the election might mean for the people of northern Cyprus and future negotiations with the Greek Cypriot-controlled Republic of Cyprus. She notes that while Akıncı’s victory has been met […]

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    There were few surprises in the European election results in Cyprus, but public discontent was apparent in the large drop in turnout

There were few surprises in the European election results in Cyprus, but public discontent was apparent in the large drop in turnout

The European Parliament elections in Cyprus came a little over a year after the severe financial crisis which hit the country in 2013. James Ker-Lindsay writes that with the allocation of seats among parties remaining the same as it was in the 2009 European elections, public discontent was largely expressed through abstention rather than protest votes. Perhaps the biggest […]

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There is a good case to be made for Cyprus pressing ahead with full recognition of Kosovo’s independence

Cyprus is one of the five EU member states that refuse to recognise the independence of Kosovo from Serbia. James Ker-Lindsay writes that a recent meeting between the Cypriot Foreign Minister and the Prime Minister and Foreign Minister of Kosovo suggests that the country’s stance may be softening over the issue. He notes that although this may seem surprising given […]

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The EU’s designation of Hezbollah’s military wing as a terrorist group is a critical step toward preventing its illicit activities in Europe.

Last month the EU added Hezbollah’s military wing to its ‘blacklist’ of terrorist organisations. Matthew Levitt gives an overview of the developments that have led to the EU’s decision, and assesses its likely impact on Hezbollah’s operations. He argues that in addition to giving EU member states the legal basis to investigate Hezbollah’s actions, the decision also sends a clear […]

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Brussels blog round-up for 29 June – 5 July: Croatia joins the EU, trouble in Portugal and France’s ‘restive left’.

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  On Monday, the Portuguese Finance Minister, Vitor Gaspar, resigned, to the surprise of many – though Open Europe says that the recent signals showing his resignation was imminent had been fairly plain. Lost in EUrope says that the resignation is part of the eurozone’s […]

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Brussels blog round-up for 15 – 21 June: Obama in Germany, Merkel’s manifesto, and a fiery letter from Cyprus

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  The New Federalist has a discussion with Bruno Selun, the secretary of the European Parliament intergroup on LGBT rights. Made up of 153 MEPs from 22 member states, the group seeks to reinforce and safeguard the human rights of LGBT people, and provides information […]

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Brussels blog round-up for 6 – 12 April: Germany expects praise, Thatcher’s legacy for Europe, and will Juan Carlos abdicate?

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  Portugal’s constitutional court recently rejected the terms of that country’s bailout by the EU/ECB/IMF Troika. Lost in EUrope praises the judges for upholding the country’s constitution, even as some media and Germany claim that the decision will mean the worsening of Portugal’s financial problems. […]

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The lesson from Cyprus is that large bank deposits are potentially at risk in other struggling Eurozone countries.

The Cyprus crisis is likely to generate a number of political and economic problems for the country in the short term. Charles Goodhart assesses the impact on Cyprus’s economy and the fallout from the bank levy imposed on large depositors at Cypriot banks. He argues that although the potential for contagion to spread to other Eurozone countries has not yet […]

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Brussels blog round-up for 30 March – 5 April: A turbulent Easter for Cyprus, Iceland’s crowd-sourced constitution canned, and is the Eurogroup opaque?

Chris Gilson takes a look at the week in Brussels blogging. The EU centre and the crisis  In the aftermath of the Cyprus bailout crisis, The New Federalist wonders if the Cyprus bail-in is now a model for rescuing EU member states. Meanwhile, Lost in EUrope says that the crisis has shown that the ‘euro bosses’ act arbitrarily, and that the […]

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To avoid another Cyprus style crisis, the EU must understand how it helps to create tax havens.

The recent Cyprus crisis has thrown the problems posed by tax havens into sharp relief. But what determines which countries become tax havens? Achim Kemmerling argues that tax havens tend to occur when small countries stand to benefit from aligning their legal framework with that of a larger country. For countries such as Cyprus, EU accession and the adoption of […]

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The Cyprus crisis has shown the growing dysfunctionality of the eurozone.

Reflecting on the recent crisis in Cyprus, Vassilis Paipais and Eirini Karamouzi write that the imbroglio over the county’s banks shows both the difficulties currently faced by the eurozone and the power of Germany in Europe. They argue that the crisis has also brought to the surface real antagonisms over wealth inequalities in the eurozone, and warn that the increasing polarization between […]

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Brussels blog round-up for 23- 29 March: Cyprus crisis continues, creative accounting in Spain, and is Germany Europe’s bully?

Chris Gilson takes a look at the week in Brussels blogging.  The EU centre and the crisis  This week saw Cyprus’ banking crisis rumble on. On Saturday, Some of it was true… looked over the previous week’s developments, commenting of the Cyprus bail-in that, ‘the operation was a success, but a shame the patient died’. Open Europe ponders whether or not Cyprus […]

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The Cypriot banking crisis shows that Europeans have yet to work out the answer to the question, ‘who pays?’

The past week has been a tumultuous one for Cyprus, with negotiations and renegotiations towards a bailout for the country’s embattled banks. While an agreement has finally been struck, Iain Begg writes that the crisis is a direct result of an over-extended banking system: something that also affects other Eurozone members. The solution, to make bank depositors pay, could undermine […]

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The crisis in Cyprus not only threatens the Cypriot economy, but might also undermine the country’s relations with key partners and allies.

On Monday, the Cypriot government agreed a €10 billion bailout deal with the European Union and the International Monetary Fund, following a week of uncertainty and controversy. James Ker-Lindsay writes that while the situation has damaged Cyprus’s economy, it has also had a significant impact on the country’s relations with its neighbours and partners. Russia and Israel, who had both […]

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Europe’s Cyprus blunder raises important questions about the nature of EU decision-making and crisis management.

One week ago, the EU, IMF and European Central Bank agreed to a bailout for Cyprus that would involve a levy on the country’s bank deposits. The terms of the bailout have been met with surprise and fury in Cyprus and across Europe, and were also rejected by Cyprus’s parliament. Nicholas Veron writes that no matter the outcome, the crisis […]

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The Cyprus fiasco has all the hallmarks of a classic ‘whodunnit’

Cyprus’s parliament has rejected a proposed agreement to levy €5.8 billion from Cypriot bank accounts as part of the country’s bailout deal. Sony Kapoor argues that despite the extremely negative reaction to the proposal, the other options facing Cyprus are no more appealing. Seeking assistance from Russia through the gas company Gazprom might generate long-term complications for the country, and […]

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Cyprus is the latest casualty of Germany’s ‘one size fits all’ solution to the Eurozone crisis.

On Tuesday the Cypriot parliament rejected an international bailout deal aimed at keeping the country’s struggling banks afloat. The most controversial part of the agreement was a proposed €5.8 billion deposit levy on Cypriot bank deposits. Adonis Pegasiou writes that the agreement, pushed for by Germany, may create a precedent that will see a fall in confidence in other countries […]

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Brussels blog round-up for 23 February – 1 March: Beppe Grillo shocks Berlin and Brussels, Putin’s Eurasian Union ambitions, and should bankers’ bonuses be capped?

Chris Gilson and Stuart A Brown take a look at the week in Brussels blogging. The EU centre and the crisis  According to Open Europe, after weekend elections, Cyprus is currently in the process of negotiating a large bailout, from the EU, IMF and the ECB. Real Time Europe reports that these negotiations must be successful by 3 June – when […]

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