Integrating and respecting institutions, key for Cyprus problem settlement, economists say

Annan Plan referendum

A settlement of the Cyprus problem will require time for the integration of institutions of the new state as well as respect for them, two academic economists said, as the leaders of the two communities are meeting today to resume the reunification process.

The leaders of the two communities, Nicos Anastasiades and Mustafa Akinci, are expected to announce the resumption of reunification talks later today at a dinner hosted by UN Special Adviser Espen Barth Eide at the Ledra Palace. Akinci’s election two weeks ago created hope that Cyprus’s division could soon be overcome.

Turkish Cypriots “have their own institutions and will therefore need to come up with a system that is going to start integrating the two economies,” Sofronis Clerides, who teaches economics at the University of Cyprus said, adding that while the economies of the two communities were during the half century of separation “next to each other”, they also developed independently from each other………………………

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