Cyprus joined the European Union on the 1st of May 2004 after many years of meetings and political talks. In order to enter the EU, Cyprus had to bring many areas to ex the EU standards which Cyprus was expected to have in order to be accepted. However this only applied for the southern part of Cyprus as the northern part is not recognised as an official country or government.
Both the European Union and the United Nations played an important role in finding a solution between the two sides. Since the war in 1974 Cyprus has always been afraid of a second attack by Turkey and this was also one of the main reasons of which Cyprus wanted to join the European Union. Following this Cyprus also joined the Eurozone in January 2008 as its economy was outstanding.
Entering the Eurozone did have some disadvantages to which are now experiencing but the EU will assist Cyprus financially in order to deal with the financial crisis.