The anticipated and actual entry of Cyprus to EU has certainly been a monetary windfal gain to many--especially property developers. I would also imagine that many would attribute its rapid development in recent years to this as well.
However, since the EU is significantly influenced by France and Germany (two countries with an almost contempt of the religious traditions of southern Europe), do you think membership will come at a cost of increased Western (and therefore atheist) values?
Recall that Greece was asked to remove all references to God from its constitution upon joining...