Showing posts with label Cyprus. Show all posts
Showing posts with label Cyprus. Show all posts

Saturday, March 1, 2008

Communist victory in Cyprus

In an election result that surprised me, the
Communist Party has won the election for president in Cyprus. What does this mean? I think it depends on just how quickly the reunification of the island happens, and the extent to which the Communist Party honors their pre-election promise to give the right-wing party control over the economy. If the reunification takes up a considerable portion of the new regime's energy and drags out for a long time, I doubt the Communists will spend much time on domestic reform. If, however, the reunification happens quickly, and they decide to get their hands dirty in Communist reform, then I fear the reunified Cyprus will wind up looking a lot more like the north part of the island (GDP per capita around $7,000US) than the south (GDP per capita around $22,000US).