Europe is Good for Greece, and Turkey, too
Posted on 17 July 2012. Tags: Accession of Turkey to the European Union, Economy of Europe, European Union, Future enlargement of the European Union, Greece, Turkey
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WASHINGTON—It is tempting to look at the trajectories of Greece and Turkey — two neighbors bound by a history of competition — and conclude that gaining European Union membership hurt Greece as much as not gaining it helped Turkey. Greece entered the European Communities in 1981, and joined the euro after the Maastricht Treaty. It is now Europe’s weakest economy, and it might not be able to keep the common currency. Turkey, on the other hand, has sought and been denied EU membership since the 1960s, but its economy is now more dynamic than most in Europe, and its profile as a regional actor has risen in recent years while the EU’s is said to be declining.
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