The political economy of Greek–Turkish relations

Abstract

This paper revisits the Greek–Turkish rapprochement, taking as its point of departure the two states’ economic relations, and explores possible linkages to political cooperation. The paper finds growing collaboration in a context characterized by the proliferation of non‐state actors in economic decision‐making, and underlines the role played by FDI flows and trade decisions in stimulating cooperation. At the same time, it rejects an uncritical acceptance of economic functionalism and stresses the salience of politics, above and beyond Turkey’s EU candidacy, to consolidate the gains from the rapprochement.