Cyprus: The Next Chapter

His Excellency Ioannis Kasoulides, Minister of Foreign Affairs, Republic of Cyprus

Cyprus, an island nation in the Mediterranean, hit the headlines in 2012 for its severe financial troubles. Deeply affected by the Eurozone crisis, it suffered a banking collapse in 2013 and received a subsequent €10 billion bailout. However, tinges of optimism are emerging. The EU is forecasting a return to growth next year despite a six percent contraction in 2013, while nearby gas fields are buoying hopes for revenue and additional energy sources, which could be an entry to the wider European and Asian energy markets. In addition, after four decades of forcible division, reunification talks are underway to find a solution to the island’s long-standing political problem. Join The Chicago Council and Cyprus’s Foreign Minister Ioannis Kasoulides for a look at the future of Cyprus and its role in the region.

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