Divided Cyprus' new president scopes out peace talks reset

By AP News


The new president of Cyprus is meeting informally with the leader of the breakaway Turkish Cypriots to test the waters on reviving stalemated talks to end the island’s ethnic division

Cyprus Peace Talks

NICOSIA, Cyprus (AP) — The new president of Cyprus is meeting informally with the leader of the breakaway Turkish Cypriots on Thursday to test the waters on reviving stalemated talks to end the island’s ethnic division that has been a source of instability in the east Mediterranean for decades.

The meeting, hosted by the head of the U.N. peacekeeping mission on the island, will be the first for President-elect Nikos Christodoulides following his election victory earlier this month. The fact that it’s taking place even before Christodoulides formally assumes office on March 1 aims to underscore a campaign pledge to keep a peace deal as an overriding priority.

But the meeting itself is no harbinger of a breakthrough anytime soon, because seemingly insurmountable obstacles still stand in the way of a peace deal. Chief among those obstacles is an about-face by Turkey and the minority Turkish Cypriots regarding the agreed-upon shape of a deal after the most recent failed push for peace at a Swiss resort in the summer of 2017.

The island’s division came about in 1974 when Turkey invaded in the wake of a coup aimed at union with Greece. Only Turkey recognizes a Turkish Cypriot declaration of independence in the island’s northern third and it maintains more than 35,000 troops there. Cyprus joined the European Union in 2004, but only the Greek Cypriot south enjoys full membership benefits.

There had been a long-held understanding that any deal would reunify Cyprus as a federation composed of a Turkish-speaking zone in the north and a Greek speaking zone in the south. But Turkey and the Turkish Cypriots are now seeking a two-state deal that recognizes separate Turkish Cypriot sovereignty, something that Greek Cypriots reject out of hand and which has been rejected by the European Union, the United Nations, the U.S. and other countries.

Turkish Cypriot leader Ersin Tatar said this week that he’s open to dialogue, but warned there’s “no flexibility or retreat” from the two-state proposal as well as a permanent Turkish troop presence on the island and military intervention rights for Ankara — all non-starters for the Greek Cypriot side.

“You can never impose on us a settlement saying that ‘this is what the EU says,’ burying your head in the sand,” Tatar was quoted as saying. “Our red line is our sovereignty."

Tatar said he would raise in Thursday's meeting the possibility of the two sides working together on dealing with potential earthquakes on the island.

Christodoulides told The Associated Press that he’s “fully aware” of the obstacles, “but that doesn’t mean that we mustn’t do everything possible to break the current deadlock.”

The president-elect said key to any peace deal would be the EU’s active involvement in U.N.-led peace talks through the appointment by EU leaders of a “strong political personality.”

He said Turkey could be made more amenable to a deal if things that it has long sought from the EU — including upgrading its customs union with the bloc, visa-free travel for its citizens and unfreezing its EU membership bid — can be put on the negotiating table.

A potential deal could expedite the development of sizable natural gas deposits off Cyprus’ southern shores amid Europe’s energy crunch and remove a major thorn in the rocky relationship between NATO allies Greece and Turkey.

“The EU has all the tools that could create a beneficial state of affairs in which all sides will have nothing but to gain from a Cyprus settlement,” Christodoulides said.


Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for Investing Intel Newsletter