Turkish Digest
ISSN No 1554-8414
Tuesday, January 19, 2021
Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts
Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts
By Selcuk Gokoluk and Netty Idayu Ismail
January 18, 2021, 6:41 AM EST
Updated on January 18, 2021, 9:59 AM EST
Lira’s drop in past two days is most in emerging markets
Turkish leader repeated controversial views on high rates
The wheels are coming off the lira’s best start to a year since 2012 after President Recep Tayyip Erdogan rekindled doubts over the direction of Turkey’s monetary policy.
The currency had appreciated more than 1% against the dollar this year -- adding to a 14% rally in the last two months of 2020 -- before Erdogan on Friday repeated his long-held belief that high interest rates fuel inflation. Since then, it has weakened almost 2%, the worst performance out of 24 major emerging-market currencies, and options traders have turned the most bearish on the currency since November.
More:Turkey Rally Runs Out of Steam as Erdogan Sows Policy Doubts
Facing Biden, Erdogan extends olive branch to EU – EURACTIV.com
Facing Biden, Erdogan extends olive branch to EU
EURACTIV.com with AFP Jan 18, 2021
Facing a potentially hostile US administration, Turkish President Recep Tayyip Erdoğan is trying to break his isolation by mending EU relations, torn by what the bloc views as his bellicose foreign policy.
More:Facing Biden, Erdogan extends olive branch to EU – EURACTIV.com
Turkey slaps ad ban on Twitter under new social media law | Reuters
Turkey slaps ad ban on Twitter under new social media law
By Can Sezer, Daren Butler
ISTANBUL (Reuters) - Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday.
Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK).
The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media.
More:Turkey slaps ad ban on Twitter under new social media law | Reuters
Sunday, January 17, 2021
Turkey Talks With Forked Tongue - OpEd - Eurasia Review
Turkey Talks With Forked Tongue – OpEd
January 17, 2021 Neville Teller 0 Comments
By Neville Teller
Normalization is in the air. In the past few weeks Turkey’s president Recep Tayyip Erdogan has announced not only that he would like to have better relations with Israel, but that he is working with France on a roadmap to normalize the bonds between them.
More:Turkey Talks With Forked Tongue - OpEd - Eurasia Review
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