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Economy / Turkey

Cyprus

March 2005 | Risk Summary

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Now that Turkey has been given a date for the start of EU accession negotiations, efforts to end the division of Cyprus has become more urgent. Certainly, as full members of the EU, Cyprus is in a better structural position from which to negotiate than Turkey. However, given strong commitment by Ankara to the 'Annan plan', there is international sympathy for Turkey. Overall, while we anticipate that steps will be made to re-start negotiations, a resolution within the forecast period is