Displaying items by tag: crisis talks

Greece and Turkey were on the verge of military confrontation last August, after Turkey launched its seismic survey ship and a small naval fleet to explore for undersea oil and gas in Eastern Mediterranean waters which Greece claims as part of its exclusion zone, but Turkey disputes this. Although these zones do not entail the absolute sovereignty that territorial waters do, they give countries rights of exploration and exploitation of mineral and living resources. Last week, Greece doubled the extent of its western territorial waters in the Ionian Sea to twelve nautical miles - the maximum allowed by the UN. The possibility of conflict has alarmed both NATO, of which Greece and Turkey are members, and the EU. However, on 25 January Greece and Turkey announced they will begin exploratory talks in Istanbul, with the aim of setting maritime boundaries.