Outlets reporting that at the European Political Community meeting in Prague, Czechia yesterday, Greek PM Kyriakos Misotakis left the group dinner during a speech from Turkish President Recep Tayyip Erdogan.

  • Ouest France reports that, according to Erdogan, "I made a speech, the gentleman [Misotakis] appeared very uncomfortable. Because of this discomfort, [...] he came out and spoke outside...[Misotakis] said that we used somewhat harsh expressions. But there is nothing serious."
  • Georg von Harrach at Channel 4 News: "Greek PM Misotakis overheard this morning after reports of a stormy exchange with Turkish President at European Political Community [Misotakis]: "Stood up and said to Erdogan...in your face"."
  • Tensions between the two nations at multi-year highs after Erdogan made veiled threats of taking military action against Greece. Notable risk of naval conflagration in the East Med.
  • Could develop into a major problem for Europe and US, given that both Greece and Turkey are NATO members and the alliance is keen on maintaining a united front in the face of Russia's war in Ukraine. EU would almost be forced into aligning with Greece, but this would threaten NATO links between EU members and Turkey. Expect Brussels and Washington to seek major de-escalation.

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GREECE: TURKEY-Tensions Ratchet Up After Erdogan-Misotakis Spat At Summit

Last updated at:Oct-07 09:46By: Tom Lake
Political Risk Coverage+ 7

Outlets reporting that at the European Political Community meeting in Prague, Czechia yesterday, Greek PM Kyriakos Misotakis left the group dinner during a speech from Turkish President Recep Tayyip Erdogan.

  • Ouest France reports that, according to Erdogan, "I made a speech, the gentleman [Misotakis] appeared very uncomfortable. Because of this discomfort, [...] he came out and spoke outside...[Misotakis] said that we used somewhat harsh expressions. But there is nothing serious."
  • Georg von Harrach at Channel 4 News: "Greek PM Misotakis overheard this morning after reports of a stormy exchange with Turkish President at European Political Community [Misotakis]: "Stood up and said to Erdogan...in your face"."
  • Tensions between the two nations at multi-year highs after Erdogan made veiled threats of taking military action against Greece. Notable risk of naval conflagration in the East Med.
  • Could develop into a major problem for Europe and US, given that both Greece and Turkey are NATO members and the alliance is keen on maintaining a united front in the face of Russia's war in Ukraine. EU would almost be forced into aligning with Greece, but this would threaten NATO links between EU members and Turkey. Expect Brussels and Washington to seek major de-escalation.

Related by topic

Political Risk Coverage
Emerging Market News Coverage
Global Macro Analysis
Political Risk Bullets
Political Market News
Europe
FI Bullets
FX Bullets