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 muchpublicized 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.