Athens bets on French backing to break GSI deadlock with Turkey

PoliticsForeign Policy Tags: EastMed, Energy, France, Turkey

The agreement signed on Wednesday in Athens, allowing French infrastructure investment group Meridiam to acquire a 66 pct majority stake in the Great Sea Interconnector (GSI), is far more than a corporate transaction. It represents a fundamental geopolitical recalibration of one of the European Union’s most strategically important energy projects.

After nearly two years of paralysis caused primarily by Turkish objections to offshore survey activities in the Eastern Mediterranean, the Greek government is effectively seeking to change the political equation surrounding the project by placing France...

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