History of Cyprus since 1878 proclaimed Cyprus the Crown colony of British Cyprus in 1925, under an undemocratic constitution. International recognition of the new Republic of Turkey resulted from the Treaty of Lausanne in 1923 in which the new Turkish government formally recognised Britain's sovereignty over Cyprus (article 20). The administration was reformed in the latter 1920s, and some members of the Legislative Council (established 1926) were elected by the Cypriots, but their participation was very marginal. The Legislative Council was abolished in 1931. Greek Cypriots believed the circumstances were right to demand union of the island with Greece (enosis), as many of the Aegean
Economic history of Greece and the Greek world GDP growth of 0.7% in 2014 after 5 years of decline. After a third bailout in 2015 (following the election of the leftist SYRIZA Party), Greece bailouts ended successfully (as declared) on August 20, 2018. Economic history of Greece and the Greek world The economic history of the Greek World spans several millennia and encompasses many modern-day nation states. Since the focal point of the center of the Greek World often changed it is necessary to enlarge upon all these areas as relevant to the time. The economic history of Greece refers to the economic history of the Greek nation