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Zypern: Insel ohne Geschäftsmodell?

Author

Listed:
  • David Bencek
  • Bianka Dettmer
  • Klaus Schrader

Abstract

Cyprus appeared to be a South European success story until the beginning of the economic and financial crisis in 2008. But in early 2013, the country was at the edge of bankruptcy, its leading banks were illiquid, its economy was shrinking and unemployment was rising. Against this background, this article analyses which factors contributed to the Cypriot crash and how the country can achieve an economic revival. Due to the lack of industrial competence, it is suggested to revive the Cypriot service industry in the course of a reunification of Cyprus. A reunification could rebuild confidence lost during the crisis, create synergy effects in tourism and facilitate natural gas production. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • David Bencek & Bianka Dettmer & Klaus Schrader, 2013. "Zypern: Insel ohne Geschäftsmodell?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(8), pages 563-571, August.
    • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:8:p:563-571
    DOI: 10.1007/s10273-013-1566-5
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    Citations

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    Cited by:

    1. Schrader, Klaus & Benček, David & Laaser, Claus-Friedrich, 2015. "Die griechische Tragödie: Neue Episode oder Exodus?," Kiel Policy Brief 89, Kiel Institute for the World Economy (IfW Kiel).
    2. Schrader, Klaus & Laaser, Claus-Friedrich & Bencek, David, 2017. "Schwer zu retten: Griechenland im Krisenmodus," Kiel Policy Brief 103, Kiel Institute for the World Economy (IfW Kiel).
    3. Schrader, Klaus & Laaser, Claus-Friedrich, 2014. "Lettland: Fit für den Euro?," Kiel Discussion Papers 532/533, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    F14; F15; F34;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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