Macedonia

Tony Barber

Cypriot and EU flags in the city of Nicosia. PATRICK BAZ/AFP/GettyImages

Cypriot and EU flags in the city of Nicosia. Patrick Baz /AFP/GettyImages

Sometimes it’s easy to forget that the Greek crisis is not just financial in nature. It has geopolitical implications that extend beyond whether or not Greece remains in the eurozone.

There is, for example, the potential impact on one of Europe’s longest-running territorial disputes: Cyprus. Whatever events unfold in Greece after next Sunday’s election, the Greek Cypriot-controlled state of Cyprus will continue to be vulnerable because of its financial system’s massive exposure to Greece and because of its decision last year to turn to Russia for a €2.5bn loan.