The agreement was an effort to achieve an agreement about the conflicting territorial claims of the two countries.
Greece pledged to support the Italian claims over
Vlorë and the establishment of an Italian protectorate over Albania.[1] In
Asia Minor, Greece would support the Italian claims over the parts of the
sanjaks of
Aydın and
Menteshe, which were not already captured by the Greek army. A line of demarcation between Greek and Italian zones was drawn in the
Maeander River valley. Greece would also secure a free zone for Italy at the port of
Smyrna (under
Greek administration from May 1919).
Italy pledged to support the Greek territorial claims over
Northern Epirus and transfer the
Dodecanese to Greece, except for the island of
Rhodes, which would remain under Italian rule until such time as
Cyprus would be ceded to Greece by Britain, at which time a referendum would be held for union with Greece.
Developments
In January 1920, Venizelos made known the agreement to the Supreme Allied Council with no negative reaction.
The stance of Italy changed in July 1920, when the new
Italian Minister of Foreign Affairs,
Carlo Sforza, with a secret note to the Greek government renounced the agreement. Formally, the agreement was renounced by Italy on August 1922.