Reunifting Cyprus – You say raki, I say ouzo | The Economist

English: Map of the districts of Cyprus, named...

English: Map of the districts of Cyprus, named in English, with English annotations, and showing the Turkish Republic of Northern Cyprus, United Kingdom Sovereign Base Areas, and United Nations buffer zone. The individual maps see below. Deutsch: Karte der Distrikte Zyperns: Griechische Verwaltungszonen, Türkische Republik Nordzypern, UK-Militärbasen, UN-Pufferzone (englische Beschriftung). Zu den Einzelkarten siehe unten “Individual maps”. (Photo credit: Wikipedia)

This is an outstanding, must-read article by the Economist. The article reports that Greek and Turkish Cypriots, close to a deal but may yet call the whole thing off.

Source: You say raki, I say ouzo | The Economist

The article is optimistic but cautious.

Importantly, the Economist features that the economic growth impact of reunification would be equivalent to an extra 3% GDP. This would push Cyprus growth to Asian levels and it would outstrip many European countries.

Cyprus has had its tough times in recent years but now opportunities exceed risks. I would expect an investment boom as the country continues to strengthen.

Thoughts?

 

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