IRL, in late June 1914 Greek PM Venizelos decided to cancel his plans for a preemptive strike on Turkey and taking some factors into consideration:
- Serbia and Romania’s reluctance to safeguard Bulgaria’s neutrality in a Greek- Turkish war
- The negative attitude of the Great Powers.
- The Turkish threats for massacre of the entire Greek population in Asia Minor in case of a Greek-Turkish war.
Last, but not least the alleged re-establishment of Greece’s naval superiority in the Aegean Sea after the purchase of the two American battleships Idaho and Mississippi, now renamed Kilkis and Lemnos. Both ships were completed back in 1908 but still ranked as pre-dreadnoughts. Nevertheless, Venizelos seemed to believe that, even if Turkey got the two modern Sultan Osman and Resadieh, the experience and the bravery of the skilled Greek sailors would tip the balance in favor of Greece in the case of a Greek-Turkish naval showdown.
Therefore, Venizelos opted for
a peaceful settlement over the Greek- Turkish dispute, believing that he could negotiate from an advantageous position. He prepared a Draft
Treaty of Peace and Reciprocal Protection that provided the
defensive Greek-Turkish alliance for the preservation of the status-quo in the Balkans, a voluntary exchange of populations and the agreement that the disputed islands would become autonomous under Turkish formal suzerainty, but with a Greek governor- general.
Turkey valued an alliance with Bulgaria rather than the Greeks and once the new Turkish Dreadnoughts are ready then the Greek Navy will be outclassed and unable to hold the Aegean islands she gained in 1912-13.