Cyprus mastered the financial crisis surprisingly quickly. Now the conservative government wants to ensure sustainable growth with Europe’s largest casino. In the spring of 2013, the Greek south of Cyprus plunged into the worst crisis since the island was divided in 1974. The banking system was on the verge of collapse. For the first time in a euro country, the depositors had to bleed: 47.5 percent of balances of more than 100,000 euros were converted into almost worthless shares.