Zypern: Insel ohne Geschäftsmodell?

David Bencek, Bianka Dettmer () and Klaus Schrader

Wirtschaftsdienst, 2013, vol. 93, issue 8, 563-571

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

Keywords: F14; F15; F34 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10273-013-1566-5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:wirtsc:v:93:y:2013:i:8:p:563-571

Ordering information: This journal article can be ordered from
http://www.springer. ... policy/journal/10273

DOI: 10.1007/s10273-013-1566-5

Access Statistics for this article

Wirtschaftsdienst is currently edited by Christian Breuer

More articles in Wirtschaftsdienst from Springer, ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().