Kingdom of Cyprus to take Cyprus back. King Richard took them up on the offer and the Templars returned to Syria, retaining but a few holdings on the island. A small minority Roman Catholic population of the island was mainly confined to some coastal cities, such as Famagusta, as well as inland Nicosia, the traditional capital. Roman Catholics kept the reins of power and control, while the Orthodox inhabitants lived in the countryside; this was much the same as the arrangement in the Kingdom of Jerusalem. The independent Eastern Orthodox Church of Cyprus, with its own archbishop and subject to no patriarch, was
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will