Enlisting business to help loosen the Gordian knot around Cyprus. CEPS Commentary, 5 October 2012

Citing evidence from around the world, including the recent Turkish-Greek reconciliation, Adam Balcer suggests in this CEPS Commentary that establishment of economic cooperation between the business communities of Cyprus and Turkey can facilitate a political rapprochement or at least can prevent a rise in tensions.

Turkey's boycott of the Cyprus EU presidency: context, meaning and its consequences. EU Centre in Singapore Working Paper No. 9, September 2012

In 2011 Turkish officials began indicating their intention to suspend all contact with Cyprus’s presidency of the Council of the European Union (EU), slated for the second half of 2012, given the issues surrounding the unresolved Cyprus conflict. This came as the latest development in a long and arduous path of Turkey’s application for EU membership that began in 1987. This paper provides the context – the Cyprus conflict, Turkey’s EU accession negotiations, and the Cyprus reunification talks – in understanding the reasons and consequences of Ankara’s boycott of the Cyprus presidency. The article also considers the evolving nature and the role of the rotating presidency of the Council of the EU, especially after the implementation of the Lisbon Treaty, and how this may have played into Turkey’s calculations in calling for the boycott.

The Cyprus Presidency: Pragmatism amid European anxiety. CEPS Commentary, 24 January 2013

Despite several daunting obstacles, the low expectations and the high level of apprehension that accompanied the start of the Cyprus Presidency, Thomas Linders and Steven Blockmans find in a new CEPS Commentary that the small, remote and politically divided island nevertheless succeeded in scoring a number of positive results, thanks in part to the country’s pragmatic approach to the job and the perpetual motion of the EU legislature. As a corrective instrument to big state politics in the EU, however, the role of the Presidency remains limited. This underscores the changed nature of the rotating Presidency of the the Council of the EU since the Lisbon Treaty entered into force. Despite several daunting obstacles, the low expectations and the high level of apprehension that accompanied the start of the Cyprus Presidency, this CEPS Commentary by Thomas Linders and Steven Blockmans expresses surprise that the small, remote and politically divided island succeeded in scoring a number of positive results at all, thanks in part to the country’s pragmatic approach to the job

Cyprus ... A Test Case for Future European Banking Policy. CEPS Commentary, 21 March 2013

In this CEPS Commentary, the former Irish Prime Minister calls the precedents being set in the Cypriot banking case “troubling” and reflective of a lack of clarity and consistency of thought by both the eurozone Finance Ministers and the European Commission. He welcomes the rejection of the deal by the Cypriot Parliament as it now gives eurozone policy-makers a chance to think again about the underlying philosophy of their approach to the financial crisis.

The meaning of Cyprus; moving toward banking union. CEPS Commentary, 8 April 2013

While acknowledging that Cyprus is too small to matter for global financial markets, this Commentary finds that its case could turn out to become a very important precedent for the way European policy-makers deal with future banking problems and the plans for a ‘banking union’.

Communication as a policy tool: Important lessons from Cyprus. CEPS Commentary, 28 March 2013

After a week in which Cypriot politicians reassured people that their deposits were safe, followed by the announcement of a bank levy on savings, then a rush to withdraw cash amid general confusion and anxiety, Cypriot Senior Researcher Leonor Coutinho argues that in the case of a banking crisis it is vital for policy-makers to treat communication as an important component of the policy toolkit.

Capital Controls in Cyprus: Shooting at a moving target. CEPS Commentary, 15 June 2013

In her examination of the capital controls that have been in place in Cyprus since March 27th, Leonor Coutinho asks how soon can they be lifted and whether the recapitalisation plans will be sufficiently convincing to allow the Cypriot banking sector to regain the trust of the public.