The Department of European Studies and International Relations would like to invite you to the Research Seminar
Presentation of the Policy Paper by Andreas Theophanous, Professor of Political Economy, entitled:
THE WAY OUT OF THE CYPRUS ECONOMIC CRISIS
Published by the Paris based think tank Notre Europe – Jacques Delors Institute
Wednesday, 9 October 2013, 11:30 – 13:00
M115 Conference Room, Millennium Building (1st floor), University of Nicosia
Seminar Coordinator: Craig Webster
Abstract
The Way Out of the Cyprus Economic Crisis
Cypriots were well aware of the serious problems their economy had been facing. Fiscal rationalization had essentially started in December 2012. The new government that came in on 2 March 2013 was preparing for a gradual paradigm shift expecting solidarity and support. Instead the Eurogroup decisions came as a shock leading to serious disruptions. The financial restrictions imposed are much worse than those in the immediate aftermath of the 1974 Turkish invasion and occupation of 37,4% of the country. Effectively the Troika decisions have pushed Cyprus from a recession to a depression.
Cyprus aside, it would be important for the EU to revisit the policies pursued in relation to the European South as a whole. Indeed, in order to effectively address the European debt crisis and promote further integration a new European paradigm is required.
R.S.V.P. – Tel: 22841600, Email: [email protected]
