CYPRUS – officially known as the Republic of Cyprus - was granted independence from Britain on this date 63 years ago.
Cyprus was granted independence from British rule in 1960 and became a republic, but remains a member of the CommonwealthIt has faced more than its fair of troubles, with Britain still retaining a presence on the island via two RAF bases in the overseas territory of Akrotiri and Dhekelia, while the island remains partitioned between Greek and Turkish communities.
A buffer zone – known as the Green Line – extends across the island separating these communities and a number of crossing points have now been opened up.In Cyprus, the President – elected for five-year terms - is the head of state and head of government.Executive power is exercised by the government while legislative power resides with the House of Representatives and the judiciary is independent of both.
A formal application to adopt the euro was submitted on February 13, 2007. On May 16 that year Cyprus received the European Commission's approval for this. It was confirmed by the European Parliament on June 20, and EU leaders on June 21.The Central Bank of Cyprus was established in 1963, three years after independence. Article 118 of the Constitution of the Republic of Cyprus set out the right for the president and vice-president to establish a new central bank.
Because of the divisions that existed in Cyprus, the EU was seen as an attractive solution to Greek Cypriots to act as a safety net against Turkey. In the autumn of 2004, Eurobarometer reported that 73% of Cypriots believed that by being a member of the EU, they felt more secure.
Belgique Dernières Nouvelles, Belgique Actualités
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