Greece Blocks Türkiye's SAFE Fund Access, Cyprus Boosts Defense
Tensions rise in the Eastern Mediterranean as Greece blocks Türkiye's participation in the €150B SAFE defense fund, while Greek Cyprus acquires the Barak MX air defense system from Israel. Inflation in Istanbul surges to 40.7% in September, ahead of nationwide figures.
Greek Prime Minister Kyriakos Mitsotakis has put a halt to Türkiye's involvement in the SAFE fund, a €150B European defense initiative. Meanwhile, Greek Cyprus has bolstered its defense with the Barak MX system, a move Ankara decries as an 'unacceptable threat'.
The Barak MX acquisition fundamentally reshapes Greek Cyprus' strategic landscape, sparking concerns in Ankara. Experts debate Türkiye's F-35 acquisition, given the ambiguity surrounding its future. In a separate development, Mossad spy Serkan Cicek was apprehended in Istanbul during a covert operation.
Greece's move to block Türkiye from the SAFE fund and Greek Cyprus' Barak MX acquisition have escalated tensions in the region. Ankara warns of 'dangerous consequences', while experts question Türkiye's F-35 prospects. Inflation in Istanbul stands at 40.7% in September, highlighting economic challenges ahead of nationwide figures.
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