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Cypriots Identify Key Challenges For the EU: Migration, Cost of Living, And Security

A recent Eurobarometer survey highlights that Cypriots perceive irregular migration, the cost of living, and security issues as the primary challenges facing the European Union.

Key Findings

  • Irregular Migration: 64% of Cypriots see this as the top challenge, significantly higher than the EU average of 41%.
  • Cost of Living: 48% of Cypriots are concerned about this issue, compared to 32% across the EU.
  • Security and Terrorism: 35% of Cypriots identify this as a major concern, slightly above the EU average of 29%.

Other Concerns

  • War in Ukraine: Viewed as a significant issue by 28% of Cypriots, lower than the 50% EU average.
  • Environmental Issues and Climate Change: Also cited by 28% of Cypriots, compared to 35% in the EU.

Priorities for the EU

  • Irregular Migration: 50% of Cypriots believe this should be the EU’s top priority.
  • Security and Defence: 32% see this as crucial.
  • Environment and Climate Change: 30% prioritise this area.
  • War in Ukraine: Only 12% of Cypriots view this as a top priority for the EU, reflecting a lower concern compared to other issues.

Optimism about the EU

  • Future of the EU: 59% of Cypriots are optimistic, aligning closely with the EU average of 58%.
  • Security Concerns: 73% of Cypriots worry about the EU’s security over the next five years.
  • Economic Outlook: Only 36% of Cypriots are confident in the EU’s economic future, compared to 50% across the EU.
  • Strength of Democracy: 53% of Cypriots are confident in the EU’s democratic strength, slightly below the EU average of 55%.

The survey reflects Cypriots’ heightened concerns about migration, economic stability, and security. Addressing these issues will be crucial for the EU to maintain the confidence and support of its member states’ citizens.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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