Title: The accession of Cyprus economy to the Eurozone: political and economic consequences in the Cyprus problem

Authors: Evaghoras L. Evaghorou, Michalis S. Chailis

Addresses: Department of Social and Political Studies, University of Cyprus, P.O. Box 2537, 1678, Nicosia, Cyprus. ' Ministry of Finance of the Republic of Cyprus; Department of International Economic Relations and Development, Democritus University of Thrace, University Campus, P.C. 69100, Komotini, Greece

Abstract: Since the Turkish illegal invasion in 1974, the Republic of Cyprus has been de facto divided geographically, politically, administratively, economically and monetarily in the government control area and the occupied area, which is controlled by Turkey. The basic aim of the paper is to examine whether the simultaneous adoption or the unilateral introduction of the Euro by the occupied area at the same or another time than that it will be introduced in the government control area will yield net benefits to Greek Cypriots and Turkish Cypriots and ultimately expedite the economic and political reunification of the island.

Keywords: Cyprus; Cypriot economy; Euro adoption; political integration; optimum currency area; OCA; monetary economic policies; Cyprus reunification.

DOI: 10.1504/IJTGM.2008.018446

International Journal of Trade and Global Markets, 2008 Vol.1 No.2, pp.175 - 193

Published online: 22 May 2008 *

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