In recent months and years, there has been cautious, yet growing optimism regarding the situation in Cyprus; after years of negotiations that seemingly went nowhere, both sides now haveleaders who are actively committed to reaching an agreement. But negotiations are still progressing slower than expected, or have virtually stalled in a number of crucial areas, which means a final solution for Cyprus is still (just) out of reach. At this Policy Dialogue, a panel of experts examined what progress has been made in recent months and addressed a number of questions: how close were parties to reaching a deal on property rights and compensation? What role would the international financial community play in practically supporting a final agreement between the two communities? Was the hope and optimism that greeted the current round of negotiations still justified? And are we inching towards a solution on Cyprus or just treading water?