ALTHOUGH most people agree that a Cyprus settlement would attract foreign investment, boost business confidence and ensure high growth rates, little thought has been given to the financial costs of a deal. For instance, a few billions might be needed to compensate property-owners and re-house people, and costly infrastructure work would be required to start with. Where would the money for all this come from?
The UN Secretary-General’s Special Advisor Espen Barth Eide said on Tuesday that he would now focus on securing economic support for a settlement. While in New York, over the next few weeks, he said he would have many meetings aimed at “building willingness to help build that fund relatively quickly, because the more we succeed on that front I think some of the crucial issues will be easier to solve.”
Read the rest on: