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Cyprus
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Chapter 6 focuses on Cyprus, a case which has warranted much less discussion in the literature. This therefore constitutes an important contribution to the understanding of the contagious nature of the Eurozone crisis. Among other things, it sheds light on the conditions that forced the Cypriot government to ask for a bailout and the strain that the Russian factor put in the relationship with the EU. This chapter shows that once the bailout was agreed a different pattern of negotiations emerged, where consensus between the political parties and increased participation of technocrats enabled room for manoeuvre for the Cypriot government.

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Capitalising on constraint

Bailout politics in Eurozone countries

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