Cyprus looks to its past for economic reboot
FILE- A Turkish army tank passes the Saray Hotel in the Turkish section of Nicosia, Cyprus, in this file photo dated July 24, 1974, as an image of Kemal Ataturk, founder of the modern Turkish republic looks down from a rooftop behind, as Turkey seized nearly 40 percent of the island and even more of its economic potential. After the 1974 invasion the people of Cyprus were forced to rebuild their lives and their economy from scratch, not something they Cypriot people ever wanted to to again, but following the 2013 collapse of the financial industry and the international financial bailout, even the most sanguine forecaster predicts many years of recession and sky-high unemployment. (AP Photo, File)
Posted: Friday, March 29, 2013 12:00 am
Friday, March 29, 2013 12:00 am.