In a bid to stabilize Turkey’s faltering currency, Turkish Central Bank boosted interest rates by more than 6 percentage points, to 24 percent, even though Erdogan has vowed keep them […]
Greek and Turkish Cypriot leaders restarted negotiations on Wednesday for the island’s reunification. Cyprus is divided for the last 43 years, following an invasion by Turkey in 1974, triggered by a coup backed by the Greek Colonel’s regime.
Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci met in the Swiss Alpine resort of Crans-Montana, joined by senior U.N. and European Union officials and the foreign ministers of Greece and Turkey.
The conference brings all the main players to the table – including representatives from Cyprus’ guarantor powers, Greece, Turkey and Britain – in what is being billed as an arena “for big and lasting decisions”.