Reunification on the cards

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A communist president for the first time

It was the desire for unification of Greek Cyprus & Turkish Cyprus, which resulted in victory of AKEL party’s Demetris Christofias in Cyprus’ presidential polls & the advent of communist rule for the first time in the tiny nation & of course the only Communist state in the 27 member EU . “The battle of ballots has someway punished the outgoing Papadopoulos, who was seen as instrumental in scuttling the May 2004 plebiscite, held according to Kofi Annan plan,” said A. K. Mahapatra, Professor at SIS, JNU. Moreover, recent independence of Kosovo also acted as a catalyst towards unification demand picking up momentum & hence, voting out Papadopoulos, who was seen as a hardliner against unification.

In 1974 the country was divided between the Greek-Cypriot south and Turkish-Cypriot north, leaving behind a great void in national psyche. “The main hurdle for the unification is the fear of Greek Cypriots, due to presence of about 30,000 Turkish troops in northern Cyprus,” adds Mahapatra. Apart from unifying the nation, the other main agenda of the new government is to bring back the displaced Greek Cypriots to Turkish Republic Northern Cyprus and helping them to reclaim their properties. The rise of the communists, however, has raised some fears about the nationalisation drive, which Christofias may initiate.

The experts on the other hand argue that there is very little that Christofias can do towards nationalisation of the national resources, mainly because the main economic assets - tourism, shipping and off-shore banking – are such, that they can’t be nationalised and have to be left free to float in the market.

B&E edit bureau: Rajeev K Singh

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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