Tag Archives: Greek Cypriots

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

April 22, 2016 By in Business Administration, Cyprus, cyprusgas, cyprusreunification, Defense Policy, Economics, Euro Crisis, Fiscal Policy, French election, Growth, People, Politicians, Politics Tags: , , , , , , , , , Leave a comment
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?

 

Northern Cyprus in crisis of government – YUSUF KANLI – Hurriyet

April 4, 2016 By in Business Administration, Cyprus, cyprusgas, cyprusreunification, Local Authorities, Local Government, People, Politics, Turkey Tags: , , , , , , 1 Comment
Map of the districts of Cyprus, with English a...

Map of the districts of Cyprus, with English annotations, and showing the Turkish Republic of Northern Cyprus, United Kingdom Sovereign Base Areas, and United Nations buffer zone. The TRNC section illustrates the current de facto district boundaries following this map as a guide. The northern districts are labelled in Turkish. (Photo credit: Wikipedia)

Hurriyet, the leading Turkish newspaper reports that the left-right grand coalition government in northern Cyprus has collapsed due to its failure to deliver on exactly what it promised to do in the first place: undertake long-overdue reforms and achieve the restructuring of the Turkish Cypriot public administration

Source: Northern Cyprus in crisis of government – YUSUF KANLI

This is bad news for Northern Cyprus and for the proposed political solution with Greek Cyprus. It will potentially impact the whole of the Eastern Mediterranean, including offshore oil and gas development.

The article is written from the stance of Turkey as the benevolent protector but some of the insights are important. The attitude of the north Cyprus municipalities to the water pipeline from Turkey is unbelievable, putting narrow self-interest first.

Thoughts?