Circumstantial and Utilitarian Euroscepticism: Bailed-in Cyprus during and after the Eurozone Crisis

Yiannos Katsourides

South European Society and Politics, 2024, vol. 29, issue 4, 515-542

Abstract: The people and political parties in the Republic of Cyprus were very pro-EU before the outbreak of the eurozone crisis. Τhe 2013 bail-in, unprecedented for the EU, damaged confidence in the the Cypriot banking system and heightened Cypriots’ negative feelings towards the EU, leading to a dramatic decline in support. The article investigates whether there was a transformation of the supply and demand of euroscepticism in Cyprus, examining both parties and popular attitudes during the crisis years (2009–2019). A hard eurosceptic response proved to be only a fleeting moment and was not sustained. Utilitarianism, security and smallness seem key to understanding Cypriot patterns of soft euroscepticism which appear to fluctuate accordingly.

Date: 2024
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DOI: 10.1080/13608746.2020.1776480

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