Cyprus latest EU-US deal, which will see Turkey becoming the 28th country to join the single market, is another sign that Brussels is feeling the heat from Berlin, both about the scale of the economic burden imposed upon it by the Greek debt crisis and the lack of progress being made on a common position with Athens.
It does, however, appear to have managed to get the support of the Eurozone leaders that have spent years trying to avoid a Greek divorce from the eurozone, especially from EU finance ministers.
The eurozone has agreed to cover 30pc of Turkey’s 바카라30pc of gross domestic product by 2020, a goal that Turkey’s economy has set for itself.
Ankara has now set out a series of measures to meet this target.
It has agreed a loan guarantee for a number of state-owned companies that are to invest €5bn each.
And Turkey will also sign up to the “European Investment Bank’s” plan to buy up stakes in foreign enterprises, which was launched in 2005 by European leaders to support the EU’s expansion.
But Turkey’s prime minister, Recep Tayyip Erdogan, insisted on Saturday that Turkish firms should still be allowed to compete on the open market in Europe.
It will not, in other words, allow Turkish companies to sell their goods across borders, but to take part in the single market without having to fear loss of access to it.
With the threat of sanctions on Turkey rising, Mr Erdogan also called for a review of the EU’s “toleration” of non-Turkish nationals living in the member states that do not accept Turkish citizenship.
A spokesman for the Turkish government said on Saturday the government had no interest in leaving the EU, just as it remained committed to membership of the Schengen free-travel zone.
“The position of our country is based on the rights of the citizens of all countries – on freedom of movement, on access, on freedom of movement of people as well as travel,” he told Anadolu Agency.
He called Turkey’s accession to the EU a “priority”.