ISSN 2736-1721
Global Journal of Business Management ISSN 6731-4538 Vol. 9 (1), pp. 001-007, January, 2015. © International Scholars Journals
Full Length Research Paper
Economic and political attitudes of Turkish Cypriots towards European Union
Okan Veli ẞafakli
Faculty of Business and Economics, European University Of Lefke , Gemikonagi-Lefke , Northern Cyprus, Mersin 10 Turkey. E-mail: [email protected]. Tel: +90 392 660 2000. Fax: +90 392 727 75 28.
Accepted 24 November, 2014
Abstract
Due to its unique political condition, Turkish Republic of Northern Cyprus (TRNC) can directly become a member of the European Union (EU) that will be identified as a Federal State without negotiation, due to the solution to Cyprus’ problem. Accordingly, Northern Cyprus and Southern Cyprus together, as the constituent states of the Federal Government will be under the umbrella of the EU. However, it should be emphasized that, current economic performance such as price stability and budgetary discipline of Northern Cyprus is not enough, for meeting the convergence criteria of becoming a full member of the European Monetary Union (EMU). Therefore, potential problems of the Federal Government in qualifying for EMU should be proactively considered and consequently, corrective measures should be taken. In addition to reviewing the economic performance of Northern Cyprus, the study will focus on the research designed, as attitudes of Turkish Cypriot residents towards EU membership and Euro (€) usage. As a summary of the research, the psychological condition of Turkish Cypriot residents can be expressed as ontological uncertainty. Such that, while positive comments to EU membership and Euro usage are stated, Turkish Cypriots believe that neither the settlement of Cyprus issue nor the recognition of TRNC will become true.
Key words: Turkish Republic of Northern Cyprus (TRNC), people, European Union (EU) membership, European Monetary Union (EMU).