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ID: 090979

Cyprus: economic consequences of reunification / Georgiou, George C

Georgiou, George C	Journal Article
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Publication

2009.

Summary/Abstract

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.

Key Words

Cyprus ; Economic Peace ; Security Offset ; Economic Condition

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ID: 125920

Cyprus’s financial crisis and the threat to the Euro / Georgiou, George C

Georgiou, George C	Journal Article
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Publication

2013.

Summary/Abstract

This essay analyzes Cyprus's financial crisis and its potential threat to the eurozone. The focus is on the economic consequences of the terms of the bailout agreement dictated by the Troika or Eurogroup for the Cyprus economy as well as its significance for any future bailouts. Given the insignificant size of the Cypriot economy for the eurozone as a whole, the Cyprus case was treated more as a political exercise and held up as an example for other eurozone members rather than seen as a serious economic threat, while little attention was given to its potential as a precedent for future bailouts.

Key Words

Cyprus ; Euro ; Financial Crisis ; Cyprus Economy ; Future Bailouts

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ID: 148646

From mercantilism to exclusive economic zones: how nation-states have laid claim to the world’s resources / Georgiou, George C

Georgiou, George C	Journal Article
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Summary/Abstract

This essay traces the transfer of private ownership of economic resources from sovereign rulers to the modern nation-state, starting with mercantilism and ending with exclusive economic zones. Nation-states were initially envisaged as bodies that acted on behalf of their citizens, but over time they have become distant from democratic processes as they have sought to claim property rights over more and more of the planet, and now of outer space. Consequently, what remains of the global commons is on the verge of extinction. This essay examines whose interests such activities serve and the resulting implications.

Key Words

Economic Resources ; Mercantilism ; Exclusive Economic Zones ; Sovereign Rulers

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