Economic Crisis in Cyprus Could Aid Peace Deal

Economic Crisis in Cyprus Could Aid Peace Deal

An outgoing United Nations envoy said that the economic crisis in Cyprus could help strike a deal to end decades of enmity between Greeks and Turks in the island, Reuters reported.
On February 11,  reunification talks resumed between the two sides. Peace prospects have come into sharper focus after the discovery of substantial natural gas reserves in the eastern Mediterranean.
According to Alexander Downer, U.N. special envoy since 2008, if Cyprus is reunited it would lead to substantial investments to the island.
According to a survey made by the PRIO peace institute, a peace deal would boost the country's industrial output by an average 3.8% per year and add 18 billion euro to Cyprus's economy over a 20-year period.

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