Cyprus: Economic Consequences of Reunification

This essay analyzes the economic consequences of the proposed reunification of Cyprus and concludes that, based on the framework presently being negotiated, the much-publicized economic peace dividend will not materialize for the majority of Cypriots. The economic costs and benefits of such an agreement will inevitably be unequally divided, with the Greek-Cypriot majority bearing the brunt of the economic burden with no political or security offset.