The Armistice
On 20 September, peace was signed between the two sides. Greece was forced to cede minor border areas and to pay heavy reparations. In order to pay the latter, the Greek economy came under international supervision. For the Greek public opinion and the military personnel the forced armistice was a humiliation, highlighting the unpreparedness of the country to fulfill its national aspirations (Megali Idea). This awareness laid the seeds for the revolution of 1909 of Goudi which called for immediate reforms in army, economy and society. Eventually, Eleftherios Venizelos would come to power and as a leader of the Liberal party, he would instigate a wide range of reforms which would transform the Greek state leading it to the victorious Balkan Wars two years later.
Read more about this topic: Greco-Turkish War (1897)