Economy of Cyprus levels of those that live in the capital city: citizens living in the capital express lower levels of happiness. As found in this study, citizens of Cyprus that live in its capital, Nicosia, are significantly less happy than others whether or not socio-economic variables are controlled for. Another finding was that the young people in the capital are unhappier than the rest of Cyprus; the old are not. Economy of Cyprus The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in its list of advanced economies in
Future enlargement of the European Union movement towards Flemish independence, or union with the Netherlands, with the future status of Wallonia and Brussels (the "de facto" capital of the EU) unclear as viable political states, perhaps producing a unique situation from Scotland and Catalonia. There are various proposals for what should happen to the city, ranging from staying part of the Belgian rump state, to joining the hypothetical Flemish state, to becoming a separate political entity. Officially, the island nation Cyprus is part of the European Union, under the de jure sovereignty of the Republic of Cyprus. Turkish Cypriots are citizens of the Republic of Cyprus