Talks on reuniting Cyprus fail to strike deal, U.N. says
- Unemployment Rate Drops to 4.6%
- Unusual 11 Mid-Day Movers 12/2: (ASNA) (HTBX) (REPH) Higher; (PLX) (MEMP) (DRYS) Lower
- Bond yields fall on U.S. jobs data, euro flat before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
U.N. Secretary-General Ban Ki-moon (C), Turkish Cypriot leader Mustafa Akinci (L) and Cypriot President Nicos Anastasiades attend the Cyprus reunification talks in the Swiss mountain resort of Mont Pelerin, Switzerland November 7, 2016. REUTERS/Fabrice Co
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
ZURICH (Reuters) - Talks in Switzerland on reuniting the divided island of Cyprus have failed to strike a deal, the United Nations said on Tuesday.
In the latest round of U.N.-brokered talks in Swiss resort of Mont Pelerin, Greek Cypriot leader Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci had been negotiating for two days.
"Despite their best efforts, they have not been able to achieve the necessary further convergences on criteria for territorial adjustment that would have paved the way for the last phase of the talks. The two sides have decided to return to Cyprus and reflect on the way forward," the United Nations said in a statement.
U.N. Secretary-General Ban Ki-moon opened the talks, saying the leaders were both committed to trying to reach a deal this year.
Cyprus's 800,000 Greek Cypriots and approximately 220,000 Turkish Cypriots live on the divided island, which is split east to west by a U.N- patrolled ceasefire line.
Cyprus was split in a Turkish invasion in 1974 triggered by a brief Greek-inspired coup. But friction between the two sides dates back at least a decade, when Turkish Cypriots pulled out of a power-sharing government at perceived attempts by Greek Cypriots to limit their say.
Anastasiades and Akinci are both moderates leading their respective communities and the negotiations were directed towards reuniting Cyprus as a loose federation of two constituent, largely self-governing states.
Besides territorial swaps, Greek Cypriots who represent Cyprus in the European Union are adamant that a deal see the withdrawal of Turkish forces from the island.
Thousands of Turkish troops are stationed in Cyprus's north, a breakaway Turkish Cypriot state recognized only by Ankara.
(Reporting by Michael Shields; Editing by Clarence Fernandez)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed's Tarullo warns against 'backsliding' on bank regulations
- House adopts massive defense bill, sees changes under Trump
- Suspect released in Louisiana shooting death of ex-NFL player: reports
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!