Let's say for the sake of the arguement, Turkey occupied a considerable amount of islands do you think any of the EU countries will intervene and waste their men and resources for you? I don't know what it is that you see but from my point of view I can't see any vast cold-war armies in Europe Turkey and Greece are exceptions.
Hell, even UK is cutting budget.
But you don't see. Our intentions are pure, the only damn point is to cause you trouble. What do you think will happen? They'll sanction Turkey -again- but it's very limited what they can do. We have our own military industry. So we sit on your islands just like Cyprus, no EEZ no FIR no nothing plus your combat casualities, enormous military expenses and so on..
My point is, the pressure on you is much bigger, you will fold the one way or another. Even the current crisis itself can almost break you. You think Turkey's position is weak but yours is much weaker.
Damn straight
I think there is more than sanctions that will come to play. This is a different time. Cyprus happened in a very difficult time for everyone. These days there will be a different reaction.
On the other hand, a short -let's say 5-7 day conflict with Turkey will be devastating for us.. at this economy it will take forever to rebuild forces.