With an estimated cost of €25-€40 billion, how the implementation of the deal will be financed needs to be clarified. Those Cypriots who are due to receive compensation for property and/or territory will expect to see evidence that financing exists before they vote.
Commitments voiced by the EU, along with the IMF and World Bank should be firmed up sooner rather than later.
Moreover, the EU could also finance a tailored programme for Cyprus similar to the EU funded Northern Ireland PEACE initiative – aimed at supporting projects and operations which help reconcile communities and contribute towards sustainable peace
[ European Policy Centre – January 9, 2017 ]
