Cypriot President Nicos Anastasiades said on Thursday he did not expect Cyprus would need a new international bailout in the event of a peace agreement which would reunify the island, split by a war in 1974.

Speaking at a news conference in the Cypriot capital Nicosia, Anastasiades said the potential benefits of a Cyprus settlement could be huge.

The International Monetary Fund and the World Bank are now carrying.

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