July 2014 is the 40th anniversary of Turkey’s military intervention in Cyprus. It is one of the most striking incidents of the near past, whose impacts continue to occupy a significant place in Turkey’s domestic and foreign policies. The conflict is already a bargaining issue in local political rivalries and Turkey’s relations with the EU. International actors have long been in quest for a permanent solution for Cyprus, which is being perceived as the second most significant dispute in the Middle East-East Mediterranean axis after the chronic Arab-Israeli conflict. The aim of this paper is to shed a light on the long-lasting Cyprus dispute, claiming that it is one of the interesting examples of the foreign policy crises that Brecher and Wilkenfeld classified successfully (2003). It aims to discuss turning of this dispute first into a conflict and then into a long-term foreign policy crisis between Turkey and Greece.