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It required an 11th-hour intervention from US Secretary of State Hillary Clinton, but finally, hours late, Turkey and Armenia have signed a historic peace agreement ending a century of hostility.

Turkey’s Foreign Minister and his Armenian counterpart signed the Swiss-mediated deal in Zurich alongside Clinton. The peace accord establishes diplomatic ties and opens borders. It is of international interest because it may ease tensions in other parts of south-eastern Europe and help establish oil pipelines to the West. The Turkish and Armenian parliaments must now approve the deal in the face of opposition from nationalists on both sides, and an Armenian diaspora which insists Turkey acknowledge the killings of up to 1.5 million Armenians during World War One as genocide.

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