Policy Paper 96
The way out of the Cyprus economic crisis
In this policy paper, Andreas Theophanous gives an account of the current situation in Cyprus, and proposes two scenarii of a way out of the Cyprus economic crisis: a reframing of the current Troika’s philosophy, or a temporary exit from the euro area.
This
policy paper presents the current
situation in Cyprus, and proposes two scenarii of a way out of the Cyprus
economic crisis: a reframing of the current Troika’s philosophy, or an eventual temporary exit from the euro area.
After having analysed the current economic, political and social
situation of Cyprus, the president of the Cyprus Center for European and
International Affairs Andreas Theophanous presents two hypothesis which could lead to better deal with the crisis in Cyprus. The first
consists in a reframing of the
Memorandum of understanding applied by the Troika’s and its philosophy
and implications. The second elaborates on how a
possible temporary exit of Cyprus from the euro area could be an
alternative option.
The author concludes
by a wider reflexion of the political dimension of the options Cyprus faces.
SUR LE MÊME THÈME
ON THE SAME THEME
PUBLICATIONS
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what are the consequences for European organisations?
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After Brexit, euro-denominated derivatives transactions should leave the City
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The Euro as seen by citizens who do not yet have it
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MÉDIAS
MEDIAS
L’Irlandais Paschal Donohoe reconduit à la présidence de l’Eurogroupe
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/articlebleu.png)
Gaz découvert par Total près de Chypre : une bonne nouvelle pour l’Europe ?
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Il y a vingt ans, l’arrivée des premiers euros
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ÉVÉNEMENTS
EVENTS
Paris, 12 April 2019 – Session no.6 of the Académie Notre Europe: economic and monetary Union
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/evenementbleu.png)
Berlin, 19 September 2018 – Making Europe’s Economic Union Work
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/evenementbleu.png)
Luxembourg, 20 June 2018 – The reform of the EMU: which social dimension?
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/evenementbleu.png)
Paris, 20 June 2018 – Future Europe
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Nicosia, 16 March 2018 – The political landscape of EMU reform
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Sofia, 9 March 2018 – The future of the EU budget
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Athens, 8 February 2018 – Athens’ days: Greece, paths for hope
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Bruxelles, 25 January 2018 – Academy study trip to Brussels
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/evenementbleu.png)
Paris, 8 December 2017 – Academy: Political and Social Europe
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/evenementbleu.png)
Barcelona, 22 September 2017 – After the crisis, a push forward for the eurozone
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Paris, 21 July 2017 – The future of the Eurozone and the Multiannual Financial Framework
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Rome, 20 March 2017 – Completing economic governance and enhancing social cohesion
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)
Lisbon, 24th January – High-level seminar on the future of the euro
![](https://institutdelors.eu/wp-content/themes/Avada-Child-Theme/images/interventionblanc.png)