Despite considerable progress regarding Mew Member States' (NMS) nominal convergence with Euro-zone countries, the record is more mixed regarding real/structural convergence. At the same time, almost all NMS face the additional challenge of combining economic and monetary integration with the EU...

This paper addresses issues pertaining to the accession of Cyprus to the Eurozone and the reunification of the economy of this island-state. Within this framework the performance of the economy of Cyprus, both in the government-controlled areas and in the occupied northern part, are examined. We...

Despite growth in recent years, the economy of the “TRNC” remains fragile and the sustainability of the convergence process without due reform and restructuring is questionable. For sustained investment and growth, far-reaching reforms are certainly required in the private and public...