Military Expenditure Taking Toll on Fragile Greek Cypriot Economy | Aydin Albayrak

This article, featured in Today’s Zaman on 31 March 2013, discusses the impact that high military spending has had on the Greek Cypriot economy.

 

“Among EU member states, Greek Cyprus ranks third in terms of its ratio of military expenditure to GDP, coming after Greece and the UK. Drawing attention to this fact, Sylvia Tiryaki, deputy director of the Global Political Trends Center at Kültür University in İstanbul, has told Sunday’s Zaman that military expenditure may be at least partially responsible for the economic situation in Greek Cyprus”.