European Union officially applies for membership of Turkey
As the Eurozone debt crisis dances on like a drunken dowager, the European Commission has taken the unprecedented step of applying for membership of Turkey. Turkish Prime Minister Recep Tayyip Erdogan has welcomed the European Union’s candidacy but warned that negotiations could take years, especially with regards to certain sensitive chapters. Turkey’s establishment is divided over the benefits of EU accession, with some arguing that allowing such a large, indebted and confused populace to join Turkey would destabilise and impoverish the republic. Residents of Istanbul, meanwhile, fear an influx of Greek immigrants seeking casual work in the city’s informal economy. The European Commission hopes that joining Turkey will confirm the EU’s place in a modern global economy and reassure investors.