Detail Divided They Fall; Cyprus   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8833 (Apr. 2013), page 12. Topik: Economy; Financial-service Industry; Gross Domestic Product Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The outlook for Cyprus is dire. Time to think again about reunification Cyprus, it is said, never misses an opportunity to miss an opportunity. After its euro bail-out, that needs to change, not least for the sake of its battered economy. Cypriots face the grim reality that, thanks mainly to the collapse of much of their financial-services industry, GDP will shrink by 15% this year, another 15% in 2014, and perhaps 5% more in 2015 . That is a comparable drop to 1974-75, after a Greek-backed coup followed by a Turkish invasion led to the island's partition into a Greek-Cypriot-controlled south and a Turkish-Cypriot-controlled north. It will take years of hardship and painful structural reforms before Cyprus's GDP returns to anywhere near its level before the bail-out. Unlike the rest of the euro zone's beleaguered periphery, however, Cyprus has two promising sources of growth waiting to be tapped. One is the recently discovered Aphrodite gasfield in the eastern Mediterranean. The other is its tourism industry, which is underdeveloped and has plenty of scope for foreign investment. The best way for Cyprus to exploit both as fast as possible would be to patch up its 40-year-old division. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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