Cyprus Bailout and Israel-Turkey Détente Present New Opportunities
Posted on 25 March 2013. Tags: Cyprus, International Monetary Fund, Israel–Turkey relations, Jerusalem, Turkey
BRUSSELS — Events in Nicosia and Jerusalem, two cities that are 250 miles apart, could well change the geopolitics of the eastern Mediterranean. On Monday, the people of Cyprus digested the €10 billion euro bail-out agreed upon in Brussels by President Nicos Anastasiades and the troika of lenders — the International Monetary Fund, the European Commission, and the European Central Bank — staving off an uncontrolled default and the country’s exit from the euro.
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