FX Clearing Firms in Cyprus - Where is YOUR money?
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"the self-proclaimed Turkish Republic of Northern Cyprus - recognized only by Ankara (Turkey's capital)"
"the fact is that 78% or property in the north is owned by Greek Cypriots who fled in the 1970's"
""the European Court for Justice ruled in April that the courts round the European Union could enforce Greek Cypriot judgements"
"Northern Cyprus, blocked from direct trade in EU markets, has few options - and remains desparately dependent on Turkey's sponsorship"
From wikipedia:
"It has received diplomatic recognition only from Turkey, on which it has become dependent for economic, political and military support. The rest of the international community, including the United Nations and European Union, recognises the sovereignty of the Republic of Cyprus over the territory of the TRNC."