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Sunday, August 19, 2018

Trump will agree to an extradition hearing for Fethullah Gülen - The Weekly Standard | Ahval

Trump will agree to an extradition hearing for Fethullah Gülen - The Weekly Standard

American diplomats are quietly attempting to work out a solution for the dispute between Turkey and the United States and President Donald Trump will agree to an extradition hearing for U.S.-based Turkish cleric Fethullah Gülen, the Weekly Standard said on Saturday.

More:Trump will agree to an extradition hearing for Fethullah Gülen - The Weekly Standard | Ahval

Erdogan challenges economy 'game-players' as currency plummets | Euronews

Erdogan challenges economy 'game-players' as currency plummets
By Louise Miner with Reuters• last updated: 18/08/2018
Now Reading:

A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Erdogan says he'll challenge those playing "games" on the economy.

More:Erdogan challenges economy 'game-players' as currency plummets | Euronews

Turkey’s ''Whatsapp journalism'' destroying press freedom - IPI | Ahval

Turkey’s ''Whatsapp journalism'' destroying press freedom

IPI Turkey’s government departments are increasingly sharing news items with journalists via WhatsApp groups, ready to be “copied and pasted” in the next day’s paper, reported International Press Institute (IPI) website. Media remains under the choke-hold of the Turkey’s ruling Justice and Development Party (AKP) in Turkey which ranked 157 out of 180 countries in April in free speech advocacy group Reporters Without Borders annual report on global press freedom. Around 90 percent of Turkey’s newspaper coverage is pro-government.

More:Turkey’s ''Whatsapp journalism'' destroying press freedom - IPI | Ahval

Saturday, August 18, 2018

Macron news: France pledges to BOOST economic ties with Turkey risking Trump fury | World | News | Express.co.uk

Macron risks Trump fury as France pledges to BOOST economic ties with Turkey

FRENCH President Emmanuel Macron and his Turkish counterpart Recep Tayyip Erdogan stressed in a phone call on Thursday the importance of developing economic and trade ties and boosting bilateral investment, according to a Turkish presidential source.

More:Macron news: France pledges to BOOST economic ties with Turkey risking Trump fury | World | News | Express.co.uk

The Latest: Moody’s cuts Turkey’s credit rating further

The Latest: Moody’s cuts Turkey’s credit rating further

ANKARA, Turkey — The Latest on Turkey’s currency crisis and diplomatic dispute with the United States (all times local): 1:15 a.m. Ratings agency Moody’s has downgraded Turkey’s credit rating deeper into “junk” status and slapped a “negative” rating on its outlook.

More:The Latest: Moody’s cuts Turkey’s credit rating further

How Erdogan’s Push for Endless Growth Brought Turkey to the Brink - WSJ

How Erdogan’s Push for Endless Growth Brought Turkey to the Brink

The president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. Now it is paying the price.

More:How Erdogan’s Push for Endless Growth Brought Turkey to the Brink - WSJ

Turkey Has Only Itself To Blame For Its Financial Crisis

Turkey Has Only Its President To Blame For Its Financial Crisis

Despite being a long-time NATO member, Turkey under the leadership of President Tayyip Erdogan no longer acts like an ally.
By Helen Raleigh
August 17, 2018
After President Trump tweeted last Friday that he authorized “a doubling of Tariffs on Steel and Aluminum with respect to Turkey,” the Turkish lira fell more than 20 percent against the U.S. dollar during Friday’s trading. Since the value of the lira has already dropped more than 60 percent this year, Turkey is at the brink of a financial disaster.

More:Turkey Has Only Itself To Blame For Its Financial Crisis

Friday, August 17, 2018

A US trade war with Turkey over a little known pastor? Don't believe a word of it | The Independent

A US trade war with Turkey over a little known pastor? Don't believe a word of it

Erdogan’s real crimes are buying the Russian S-400 missile system for Turkey, refusing to accept US support for America’s Kurdish YPG allies and allowing Islamist fighters to pour over Turkey’s border into Syria along with a load of weapons, mortars and missiles

More:A US trade war with Turkey over a little known pastor? Don't believe a word of it | The Independent

Turkey Currency Crisis 2018: How Long Can Erdogan Maintain Grip on Power Amid Economic Meltdown?

Turkey Currency Crisis 2018: How Long Can Erdogan Maintain Grip on Power Amid Economic Meltdown?
By Cristina Maza On 8/17/18 at 7:00 AM

Turkey’s economic woes didn’t begin with a tweet from President Donald Trump, but they certainly didn't improve after the Republican leader lashed out against his erstwhile ally via social media earlier this month.

More:Turkey Currency Crisis 2018: How Long Can Erdogan Maintain Grip on Power Amid Economic Meltdown?

Turkey Sanctions: Navigating a Historic Bilateral Crisis - The Washington Institute for Near East Policy

Turkey Sanctions: Navigating a Historic Bilateral Crisis

Amanda Sloat, Max Hoffman, and Steven A. Cook

August 17, 2018

Three experts examine the past drivers and near-term consequences of Washington’s rapidly escalating diplomatic conflict with Ankara.

The detention of U.S. citizen Andrew Brunson was only the latest in a long list of bilateral grievances between Ankara and Washington. On the Turkish side, officials have domestic security concerns about U.S. cooperation with the Syrian Kurdish People’s Defense Units (YPG), an offshoot of Ankara’s domestic nemesis, the Kurdistan Workers Party (PKK).

More:Turkey Sanctions: Navigating a Historic Bilateral Crisis - The Washington Institute for Near East Policy

Opinion: Ankara’s New Identity and Turkey-US Tension - CGTN

Opinion: Ankara’s New Identity and Turkey-US Tension

Ankara’s close relation with Washington has been maintained ever since modern Turkey was established, however the recent US sanctions against Turkey and the “free fall” of Turkish currency, or Lira, might end Turkey’s willingness to continue an alliance with the US.

More:Opinion: Ankara’s New Identity and Turkey-US Tension - CGTN

Turkey′s economic woes reveal complicated Germany ties | Germany| News and in-depth reporting from Berlin and beyond | DW | 16.08.2018

Turkey's economic woes reveal complicated Germany ties

Recent diplomatic tension and harsh rhetoric have pushed Germany and Turkey apart, but the relationship is not completely shattered. On economic issues in particular, the two countries share common goals.

More:Turkey′s economic woes reveal complicated Germany ties | Germany| News and in-depth reporting from Berlin and beyond | DW | 16.08.2018

In Turkey Economic Crisis, Erdogan Is His Own Megaphone, Blaming the West - The New York Times

In Turkey Economic Crisis, Erdogan Is His Own Megaphone, Blaming the West

By Carlotta Gall

Aug. 17, 2018

ISTANBUL — On the single worst day in the collapse of the Turkish lira, President Recep Tayyip Erdogan arrived late in the evening in a small town, stepped up on the runner of his car, tapped the microphone and delivered, impromptu, one of his most memorable speeches — an appeal to national and religious pride in the face of foreign aggression.

More:In Turkey Economic Crisis, Erdogan Is His Own Megaphone, Blaming the West - The New York Times

Turkey to Manufacture Goods Currently Costing $30Bln in Imports - Minister - Sputnik International

Turkey to Manufacture Goods Currently Costing $30Bln in Imports - Minister

ANKARA (Sputnik) - Turkey intends to enhance the local manufacturing of goods the imports of which currently exceed $30 billion, and will increase financial support for enterprises producing such goods, Turkish Industry and Technology Minister Mustafa Varank said as quoted by Anadolu on Friday.

More:Turkey to Manufacture Goods Currently Costing $30Bln in Imports - Minister - Sputnik International

Erratic Erdogan edges Turkish economy closer to collapse

Erratic Erdogan edges Turkish economy closer to collapse

There was a time when people thought that a secular, democratic Turkey would eventually accede to the EU and join the club of wealthy liberal states known as the West. There was a time, too, a few years ago, when Turkey was a darling of emerging-market investors.

More:Erratic Erdogan edges Turkish economy closer to collapse

Getting personal: US, Turkish leaders feud over arrest - ABC News

Getting personal: US, Turkish leaders feud over arrest

By suzan fraser and christopher torchia, associated press

ANKARA, Turkey — Aug 17, 2018

A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance, as well as Turkey's own financial crisis, are unlikely to dissipate even if he is released and Washington eases economic penalties.

More:Getting personal: US, Turkish leaders feud over arrest - ABC News

EU needs to show solidarity with Turkey

EU needs to show solidarity with Turkey

Vincent Boland

On August 17th, 1999, an earthquake struck the city of Izmit, in western Turkey. Seventeen thousand people were killed and half-a-million lost their homes. Eighteen months later, the country’s economy fell into a steep recession. Turkey was forced to ask the International Monetary Fund for assistance, and the lira, the country’s currency, was hit by a wave of speculative selling. Soon afterwards, a political crisis brought down the government.

More:EU needs to show solidarity with Turkey

Trump: US will not pay Turkey for release of detained American pastor Brunson

Trump says the US 'will pay nothing' to Turkey for the release of detained pastor

The U.S. warned Turkey to expect more economic sanctions unless it hands over detained American pastor Andrew Brunson, as relations between the two countries took a further turn for the worse.
President Donald Trump said the U.S. "will pay nothing" to Turkey for the release of Brunson.

U.S. President Donald Trump said on Thursday the United States "will pay nothing" to Turkey for the release of detained American pastor Andrew Brunson, who he called "a great patriot hostage."

More:Trump: US will not pay Turkey for release of detained American pastor Brunson

Did Any Of My Stuff Come From Turkey?

Did Any Of My Stuff Come From Turkey?

Willy Shih

The recent news coming out of Turkey has been grim for citizens of that crossroads country, but many Americans have little idea about the size or makeup of the Turkish economy. The collapse of the Turkish Lira has raised the level of uncertainty in global equity and currency markets, but unless you are from that region, you probably don’t realize that the country has a vibrant manufacturing sector. Last year I wrote an HBS case on a Turkish logistics company, and in the process, I learned a lot of surprising things. So in that spirit, here are five things that most people don’t know about the Turkish economy and its manufacturing sector.

More:Did Any Of My Stuff Come From Turkey?

The Netherlands Shows How Western Tensions With Turkey Spill Into Local Politics

The Netherlands Shows How Western Tensions With Turkey Spill Into Local Politics
Frida Ghitis Thursday, Aug. 16, 2018

AMSTERDAM—Just as Turkish President Recep Tayyip Erdogan fulminates against the United States again, blaming Washington for his country’s worsening economic troubles, a small controversy has erupted in the Netherlands over Turkish influence in the country. It came to light earlier this week that Turkey is planning to fund special Dutch schools to teach residents of Turkish origin about their heritage. The idea has sparked alarm among some Dutch politicians and their followers on both the left and the right, who worry about what, exactly, Erdogan’s government intends to teach in these schools, which would operate on weekends across the Netherlands.

More:The Netherlands Shows How Western Tensions With Turkey Spill Into Local Politics

Are iPhones and Social Media to Blame for Turkey's Plunging Economy?

Are iPhones and social media to blame for Turkey’s plunging economy?
Efe Kerem Sozeri—
Aug 16 at 8:30AM

They probably aren’t to blame.

Turkey’s economy is in dire straits right now, but the country’s long-term President Recep Tayyip Erdogan is busy blaming social media users for the plunge and offering to boycott U.S. consumer goods as a solution.

More:Are iPhones and Social Media to Blame for Turkey's Plunging Economy?

Donald Trump may SHOOT himself in foot over Recep Tayyip Erdogan US-Turkey sanctions | World | News | Express.co.uk

‘Trump SHOOTING HIMSELF in foot’: US-Turkey sanctions may STRENGTHEN Syria

THE RECENT diplomatic feud between Ankara and Washington over Turkey’s detainment of a US pastor endangers both nations’ interests in Syria, where allies Iran and Russia could benefit from further coalition collapse, according to one expert source.

More:Donald Trump may SHOOT himself in foot over Recep Tayyip Erdogan US-Turkey sanctions | World | News | Express.co.uk

Who is Berat Albayrak, Turkey's finance minister? | Recep Tayyip Erdogan | Al Jazeera

Who is Berat Albayrak, Turkey's finance minister?

The coming weeks will show how well Turkey's finance minister can turn around the country's struggling economy.

More:Who is Berat Albayrak, Turkey's finance minister? | Recep Tayyip Erdogan | Al Jazeera

Donald Trump's Tariffs Create Economic Chaos in Turkey. Will Erdogan Cave—Or Will NATO Kick Him Out?

Donald Trump's Tariffs Create Economic Chaos in Turkey. Will Erdogan Cave—Or Will NATO Kick Him Out?
By Bill Powell On 8/17/18 at 4:10 AM

The current economic crisis in Turkey, which continues to roil global equity markets, is but the most recent and most visible evidence of Ankara’s deteriorating relations with the United States and with Washington’s NATO allies. It is a diplomatic crisis that’s been coming for more than two years, but President Donald Trump appears to have just realized it. Only a month ago, Trump fist-bumped Turkish President Recep Tayyip Erdogan and said of him, “He does things the right way.” Then, on August 11, Trump doubled the tariffs on Turkish-produced steel and aluminum and said via tweet, “relations between us are not good at this time.”

More:Donald Trump's Tariffs Create Economic Chaos in Turkey. Will Erdogan Cave—Or Will NATO Kick Him Out?

A Turkish Collapse Revisited #TurkeyEconomy - Sigma Insight Turkey

A Turkish Collapse Revisited #TurkeyEconomy

As a friend of former Turkish prime minister Bülent Ecevit, I had a front seat in the stalls when the Turkish economy last collapsed in February 2001. Now I have a sense of déjà vu that the whole process is repeating itself, albeit for different reasons.

Bülent Ecevit was a decent man who tried to hold together a coalition government consisting of social democrats, conservatives and ultra-nationalists, but what brought both Ecevit and Turkey down was the issue of corruption. This began with a liquidity crisis in November 2000 and ended with a confrontation with President Ahmet Necdet Sezer at a meeting of the National Security Council on Monday, 19 February 2001.

More:A Turkish Collapse Revisited #TurkeyEconomy - Sigma Insight Turkey: A Turkish Collapse Revisited #TurkeyEconomy Posted by Robert Ellis | Aug 17, 2018 | Insights | 0 A Turkish Collapse Revisited #TurkeyEconomy

Options for Turkey - The Globalist

Options for Turkey

What the Erdogan government must do if it wants to avoid a “cold Turkey” economic shock.

More:Options for Turkey - The Globalist

Erdoğan, Trump, and the Strongman Politics Devastating Turkey’s Economy | The New Yorker

Erdoğan, Trump, and the Strongman Politics Devastating Turkey’s Economy

By Fariba Nawa

August 16, 2018

The usually bustling open market in the Kadıköy district of Istanbul was half full on Sunday. Shop owners had increased their prices twenty per cent over the past two weeks. The cost of a package of eggs had risen by fifty per cent in a week; the price of bananas imported from Latin America had doubled. Aynur Keskin, a homemaker with two school-aged children, bought a few items and shook her head, dismayed at the rising inflation, a result of the country’s ailing economy and the plummeting Turkish lira. “I was thinking of going abroad for a holiday, but that’s a dream now,” she told me.

More:Erdoğan, Trump, and the Strongman Politics Devastating Turkey’s Economy | The New Yorker

Turkey's Economic Collapse Won't Hurt Erdogan Politically | Time

Turkey's Economy May Be in Freefall, But Erdogan's Base Believes He Can Do No Wrong

By Soner Cagaptay August 16, 2018 IDEAS

Turkish economy faces severe economic troubles as Ankara readies for what could be a drawn-out fight with its ally the U.S. over the arrest of Pastor Andrew Brunson in Turkey. However, do not expect the base of Turkish President Recep Tayyip Erdogan to abandon him. No matter the troubles facing Turkey, Erdogan’s followers believe they have a historic mission to stand by the man they adoringly refer to as the Reis (meaning Leader or Captain in Turkish).

More:Turkey's Economic Collapse Won't Hurt Erdogan Politically | Time

Turkey: Ankara Searches for an Economic Rescue

Turkey: Ankara Searches for an Economic Rescue

Amid continuing efforts to stabilize the Turkish lira, Economy and Finance Minister Berat Albayrak spoke with 3,000 investors on Aug. 16, attempting to address some of the issues facing the economy. During the call, he stated that Turkey was economically stable and that the country won't resort to capital controls or assistance from the International Monetary Fund. He also noted that the government is working to reduce inflation. Investor reactions have so far been positive, albeit cautious. Now, Albayrak needs to move beyond the rhetorical space and take definitive action, potentially through the implem

More:Turkey: Ankara Searches for an Economic Rescue

Turkey does not wish to have problems with U.S. - foreign minister | Euronews

Turkey does not wish to have problems with U.S. - foreign minister
By Reuters• last updated: 16/08/2018

ANKARA (Reuters) - Turkey does not wish to have problems with the United States and the two NATO allies could easily overcome their differences but not with the current U.S. approach, Foreign Minister Mevlut Cavusoglu said on Thursday.

More:Turkey does not wish to have problems with U.S. - foreign minister | Euronews

Turkish firms cancel iPhone orders amid US products boycott | OTV

Turkish firms cancel iPhone orders amid US products boycott
Edited By Odishatv Bureau | Published By IANS On Aug 16, 2018 - 20:13:30

Istanbul: Turkey’s biggest mobile phone importing companies have cancelled their iPhone orders as Turkish citizens join a move to boycott US products.

More:Turkish firms cancel iPhone orders amid US products boycott | OTV

Turkish Lira Firms Despite U.S. Warning of More Sanctions | Jewish News | Israel News | Israel Politics

Turkish Lira Firms Despite U.S. Warning of More Sanctions

Friday, August 17, 2018 at 3:39 am

ISTANBUL (Reuters) - The Turkish lira strengthened against the dollar on Friday as investors weighed up a U.S warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson.

More:Turkish Lira Firms Despite U.S. Warning of More Sanctions | Jewish News | Israel News | Israel Politics

Thursday, August 16, 2018

Turkish finance chief tries to reassure investors on crisis | The State

Turkish finance chief tries to reassure investors on crisis

By SUZAN FRASER Associated Press

ANKARA, Turkey Turkey's finance chief tried to reassure thousands of international investors on a conference call Thursday, in which he pledged to fix the economic troubles that have seen the country spiral into a currency crisis.

More:Turkish finance chief tries to reassure investors on crisis | The State

Lira crisis: Emerging markets, US dollar, Turkey-EU relations impacted

Winners and losers from the Turkey crisis

The dramatic fall in the Turkish lira over the last few days has rattled global markets, even though experts don't expect the troubles facing Turkey to trigger the next financial crisis.

More:Lira crisis: Emerging markets, US dollar, Turkey-EU relations impacted

Recep Tayyip Erdogan: ‘Turkey is under siege’ economically

Recep Tayyip Erdogan: ‘Turkey is under siege’ economically

by Joel Gehrke | August 13, 2018

Turkey's economy is now “under siege,” the NATO ally’s authoritarian president said in response to the Trump administration's recent decision to double the tariffs it will impose on steel and aluminum from that country.

More:Recep Tayyip Erdogan: ‘Turkey is under siege’ economically

The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs

The lira surged 7% after Turkey hit back at US ‘attacks’ by slapping American cars, alcohol, and tobacco with huge tariffs

LONDON – Turkey’s downtrodden currency, the lira, surged Wednesday morning hours after the country’s government levied significant tariffs against American goods in response to what it has called “deliberate attacks” against its economy by the US.

More:The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs

Turkey's President Erdogan Playing Chicken With Investors

Turkey's President Erdogan Playing Chicken With Investors

Rob Koyfman

The year is 2018 and you’re on Jeopardy! Geopolitics for $200 Alex, you ask. In this country, the president installed his son-in-law to a post that many believed he was unqualified for and broke long-standing protocol by interfering with central bank policy. You hit the buzzer and confidently blurt out, "What is the United States?" "I’m sorry," Alex says with a judging smirk, "What is Turkey?"

More:Turkey's President Erdogan Playing Chicken With Investors

U.S. sanctions could target Turkish Airlines – NYT | Ahval

U.S. sanctions could target Turkish Airlines – NYT

The next round of U.S. economic sanctions on Turkey could include limits on national flag carrier Turkish Airlines, the New York Times said on Wednesday.

If an American pastor jailed by Turkey, Andrew Brunson, were not released by the end of the day, there could be more economic sanctions put on the Turkish economy, it said.

More:U.S. sanctions could target Turkish Airlines – NYT | Ahval

Wednesday, August 15, 2018

Turkey: Hoteliers could profit from lira slump more than tour operators or package holidaymakers

Hoteliers could profit from lira slump more than tour operators or package holidaymakers

The dramatic fall in the value of the Turkish lira could benefit hoteliers with revenues in euros more than tour operators or package holidaymakers, according to experts.

More:Turkey: Hoteliers could profit from lira slump more than tour operators or package holidaymakers

Amid currency crisis, Ankara goes to build roads in Syria

Amid currency crisis, Ankara goes to build roads in Syria

The Turkish government will build the roads in cooperation with local councils in Aleppo
Turkish construction companies will provide local councils with equipment needed for a fast road network, and asphalt will be brought from Turkey

ANKARA: Turkey is planning a road network to link the main cities in the Euphrates Shield area in Aleppo with its southern provinces of Gaziantep and Kilis.

More:Amid currency crisis, Ankara goes to build roads in Syria

Turkish business groups urge Erdogan to heal rift with US

Turkish business groups urge Erdogan to heal rift with US
Unusual dissent from commerce over lira as leader calls for boycott of US tech sector
Tue, Aug 14, 2018, 19:46
Laura Pitel, Ayla Jean Yackley in Istanbul

Leading Turkish business groups have called on Ankara to tighten monetary policy, introduce austerity measures and urgently resolve a dispute with the US after a currency crisis that has battered the lira.

More:Turkish business groups urge Erdogan to heal rift with US

Turkish leader talks big, but can be pragmatic in crises

Turkish leader talks big, but can be pragmatic in crises

By Christopher Torchia, The Associated Press

ISTANBUL >> The man at the center of Turkey’s currency crisis and feud with the United States — President Recep Tayyip Erdogan — is unleashing the same combative rhetoric that powered him through other grave challenges in his 16 years as the increasingly authoritarian leader of a key NATO ally.

More:Turkish leader talks big, but can be pragmatic in crises

Bitcoin Interest Spikes in Istanbul Amid Turkish Currency Crisis

Bitcoin Interest Spikes in Istanbul Amid Turkish Currency Crisis

August 14, 2018 by William Peaster

Citizens in Istanbul, Turkey’s largest city, began visiting Bitcoin.org in droves in the wake of the politically-driven currency crisis that has rocked the Eurasian nation and its lira over the past few days. That’s per the site’s co-owner Cøbra, who called the spike “MASSIVE.” It’s an interesting trend that casts BTC as an increasingly looked-to redoubt in nations where centrally mismanaged monetary policies have led to disaster.

More:Bitcoin Interest Spikes in Istanbul Amid Turkish Currency Crisis

How Turkey's Economic Problems Are Viewed In Istanbul : NPR

How Turkey's Economic Problems Are Viewed In Istanbul

Peter Kenyon

With Turkey's currency volatile and an ongoing battle between Turkish President Recep Tayyip Erdogan and President Trump, Turks are tense about their economic future, but not in a panic.

More:How Turkey's Economic Problems Are Viewed In Istanbul : NPR

Turks Scramble as Lira Falls and Prices Soar - The New York Times

Turks Scramble as Lira Falls and Prices Soar

By Carlotta Gall Aug. 14, 2018

ISTANBUL — Prices have soared on imported goods, scaring buyers and sellers. Sales are off as Turks delay purchases or cut back. Everyone is quoting the exchange rate, feverishly calculating what to do with his or her savings, large and small, and watching the price of goods daily.

More:Turks Scramble as Lira Falls and Prices Soar - The New York Times

Turkey’s Economy Threatened by Erdogan’s Policy, Not Trump

Turkey’s Economy Is on a Collision Course With Reality
By Jonah Shepp

Turkey’s currency, the lira, fell to a record low on Monday as investors panicked over a perfect storm of internal and external factors casting doubt on that country’s economic stability. The lira has fallen 40 percent against the dollar since the start of the year, from 3.8 per dollar to around 7 to the dollar, as long-simmering problems with the Turkish economy have begun to boil over.

More:Turkey’s Economy Threatened by Erdogan’s Policy, Not Trump

Erdogan Makes Some Worrying Friends - Bloomberg

Erdogan Makes Some Worrying Friends

If Turkey is sick of “asymmetric” power relations, Putin is an odd choice of ally.

More:Erdogan Makes Some Worrying Friends - Bloomberg

Quick Read: Dutch police question suspect in Turkish consulate attack - Safe Travels Magazine

Quick Read: Dutch police question suspect in Turkish consulate attack
News TeamAugust 14, 2018
Quick Read

THE HAGUE, Netherlands — Police in Amsterdam are questioning a man detained on suspicion of throwing home-made explosive devices at the Turkish consulate in the Dutch capital….

More:Quick Read: Dutch police question suspect in Turkish consulate attack - Safe Travels Magazine

Tuesday, August 14, 2018

New border crossing to create direct Iraq-Turkey link

New border crossing to create direct Iraq-Turkey link

Amberin Zaman August 14, 2018

Article Summary Ankara and Baghdad have announced plans to open a second border crossing, tightening links between the two countries.

More:New border crossing to create direct Iraq-Turkey link

Germans of Turkish descent struggle with identity, seek acceptance

Germans of Turkish descent struggle with identity, seek acceptance

"I am a German when we win, but I am an immigrant when we lose," said Mesut Özil, who recently quit the national soccer team, citing racism.

More:Germans of Turkish descent struggle with identity, seek acceptance

How Trump is risking a military mistake of ‘epic proportions’ by souring US ties with Turkey | South China Morning Post

How Trump is risking a military mistake of ‘epic proportions’ by souring US ties with Turkey

US tariffs on Turkish steel and aluminium have outraged President Recep Tayyip Erdogan, who warns that the key Nato member, could ‘start looking for new friends and allies’

More:How Trump is risking a military mistake of ‘epic proportions’ by souring US ties with Turkey | South China Morning Post

Donald Trump's trade war and the historical fraught US/Turkey relationship [Video]

It's not all about Trump. The US-Turkey relationship has been decaying since 2003
Lianna Brinded
Head of Finance, Yahoo Finance UK
Yahoo Finance UKAugust 13, 2018

The Turkish currency Lira is in crisis again after Donald Trump started another proverbial fire.

Apart from starting trade wars with the world’s second largest economy China, as well as provoking a major fallout with the European Union, the US president confirmed that he’s slapping Turkey with higher tariffs.

More:Donald Trump's trade war and the historical fraught US/Turkey relationship [Video]

Erdogan calls US sanctions on Turkey 'stab in the back' of Nato ally

Erdogan calls US sanctions on Turkey 'stab in the back' of Nato ally

Josie Ensor

13 August 2018 • 12:18pm

Recep Tayyip Erdogan has accused Donald Trump of waging “economic war against the entire world” and called the US decision to impose tariffs on Turkey a “stab in the back”, as the country’s currency crisis deepened.

More:Erdogan calls US sanctions on Turkey 'stab in the back' of Nato ally

U.S. investors should see this Turkish crisis as a buying opportunity - MarketWatch

Opinion: U.S. investors should see this Turkish crisis as a buying opportunity

Look at how the U.S. stock market performed after similar crises

CHAPEL HILL, N.C. — Turkey’s currency crisis is creating the preconditions for a good buying opportunity in the U.S. stock market.

That’s because the world’s central banks will almost certainly make sure that there is plenty of liquidity to keep Turkey’s crisis from spreading too far. And, inevitably, much of that liquidity will make its way into the equity markets.

More:U.S. investors should see this Turkish crisis as a buying opportunity - MarketWatch

Factbox: European banks' exposure to Turkey | Reuters

Factbox: European banks' exposure to Turkey

Reuters Staff

MILAN (Reuters) - Turkey’s economic crisis poses a threat to European banks with business in the country.

Spain’s BBVA (BBVA.MC), Italy’s UniCredit (CRDI.MI), France’s BNP Paribas (BNPP.PA), Dutch bank ING (INGA.AS) and Britain’s HSBC (HSBA.L) are the most exposed to Turkey and vulnerable to its free-falling currency.

More:Factbox: European banks' exposure to Turkey | Reuters

Dutch MPs says Turkish weekend school plan is 'worrying' - DutchNews.nl

Dutch MPs says Turkish weekend school plan is ‘worrying’
Society
August 13, 2018

Dutch MPs say they are ‘extremely concerned’ at reports that the Turkish government is planning to fund weekend schools in the Netherlands.

More:Dutch MPs says Turkish weekend school plan is 'worrying' - DutchNews.nl

Monday, August 13, 2018

Trump Is the First President to Get Turkey Right – Foreign Policy

Trump Is the First President to Get Turkey Right

Good riddance to the so-called strategic relationship between Washington and Ankara. By Steven A. Cook | August 13, 2018, 4:31 PM

Last Friday, Turkish President Recep Tayyip Erdogan published an op-ed in the New York Times outlining his country’s grievances toward the United States. The Turkish leader raised valid concerns about U.S. policy that genuinely vex Turkish leaders and citizens alike. Yet Erdogan only told half the story, leaving his readers to believe that Washington has victimized a reliable ally and partner. The United States has long had its own list of grievances, however—and it’s to the Trump administration’s credit that, unlike its predecessors, it finally seems to be doing something about it.

More:Trump Is the First President to Get Turkey Right – Foreign Policy

Top EU Bank Supervisor Urges ‘Bold Action’ by Turkey to Fix Lira - Bloomberg

Top EU Bank Supervisor Urges ‘Bold Action’ by Turkey to Fix Lira
By Nicholas Comfort
and Jana Randow
August 13, 2018, 5:45 PM GMT+2

A central bank that staked its reputation on a stable currency has some tough advice for Turkey: Be bold to stem the lira crisis.

More:Top EU Bank Supervisor Urges ‘Bold Action’ by Turkey to Fix Lira - Bloomberg

Turkey Has More To Worry About Than Trump's Tariffs

Turkey Has More To Worry About Than Trump's Tariffs
Kenneth Rapoza

The Turkish lira is in the company of every other emerging market currency.
Turkey's rate increases have arguably fueled lira weakness and CPI increases, exacerbated by Trump’s new tariffs.

The Turks survived Vladimir Putin’s ire not too long ago. They’ll survive Trump’s too. Their economy, however, might not survive their central bank.

More:Turkey Has More To Worry About Than Trump's Tariffs

Turkey crisis: Economy faces weak lira, inflation, debt and tariffs

What went wrong for Turkey? Its economy is 'in the midst of a perfect storm'

Turkey has in recent years been one of the fastest-growing economies in the world, but its impressive growth numbers were fueled by foreign-currency debt.
The country's borrowing resulted in deficits in both its fiscal and current accounts, and Turkey doesn't have large enough reserves to rescue the economy when things go wrong, experts say.
Making the situation worse for Turkey is President Recep Tayyip Erdogan's preference to keep interest rates low even though inflation is more than three times the central bank's target.

Yen Nee Lee

The free fall in the Turkish lira has stoked fears of an economic fallout that could spill over into other emerging markets

More:Turkey crisis: Economy faces weak lira, inflation, debt and tariffs

A Lifeline for Turkey - WSJ

A Lifeline for Turkey

Erdogan needs to give up a discretionary monetary policy.
By The Editorial Board Aug. 12, 2018 6:50 p.m. ET

Like King Lear raging on the heath, Turkey’s Recep Tayyan Erdogan is lashing out at Donald Trump, financial markets, the almighty U.S. dollar and anyone else he can find to assign blame for his country’s currency and debt crisis. Someone should introduce him to economist Steve Hanke, who is offering the Turkish strongman the best lifeline available to stop the panic.

More:A Lifeline for Turkey - WSJ

Turkey's Erdogan and Trump are in a chess match, but neither has the temperament to play - Turkey - Haaretz.com

Turkey's Erdogan and Trump Are in a Chess Match, but Neither Has the Temperament to Play

Trump and Erdogan don’t have the patience or temperament to patch up relations diplomatically, but they share critical interests that could force a reconciliation

More:Turkey's Erdogan and Trump are in a chess match, but neither has the temperament to play - Turkey - Haaretz.com

Erdogan Can Save the Turkish Lira - WSJ

Erdogan Can Save the Turkish Lira

He should form a currency board—a monetary-reform measure that’s been tried 70 times and never failed.

More:Erdogan Can Save the Turkish Lira - WSJ

Turkey takes action in bid to curb currency crisis - BBC News

Turkey takes action in bid to curb currency crisis

Turkey's central bank has said it is ready to take "all necessary measures" to ensure financial stability after the collapse of the lira.

More:Turkey takes action in bid to curb currency crisis - BBC News

Sunday, August 12, 2018

Turkey says it has a plan to stop freefall of its currency, restore confidence | afr.com

Turkey says it has a plan to stop freefall of its currency, restore confidence

Turkey Finance and Treasury Minister Berat Albayrak, son-in-law of President Recep Tayyip Erdogan, is confident about a "new economic model". Mucahit Yapici by Istanbul | Turkey has drafted an action plan and will start implementing it on Monday morning to ease investor concerns, Finance Minister Berat Albayrak said. The lira has plunged to a new record low in early Asia-Pacific trade.

More:Turkey says it has a plan to stop freefall of its currency, restore confidence | afr.com

Turkey: Lira Continues to Plunge Despite Erdogan’s Efforts | Asharq AL-awsat

Turkey: Lira Continues to Plunge Despite Erdogan’s Efforts

Sunday, 12 August, 2018 - 09:15

Ankara- Said Abdel Razek The Turkish lira continued to plunge on the backdrop of US President Donald Trump's decision to double tariffs on steel and aluminum imports from Turkey to 50 and 20 percent respectively. Meanwhile, Ankara announced its rejection of the resolution, insisting it would reciprocate.

More:Turkey: Lira Continues to Plunge Despite Erdogan’s Efforts | Asharq AL-awsat

US changing strategic NATO partner with pastor, Turkish President Erdoğan says

US changing strategic NATO partner with pastor, Turkish President Erdoğan says
ORDU

Turkish President Recep Tayyip Erdoğan has warned that the United States is "changing a strategic NATO partner with a pastor" in his latest statement about the ongoing diplomatic row between the two countries over the arrest of Pastor Andrew Brunson.

More:US changing strategic NATO partner with pastor, Turkish President Erdoğan says

Turkey’s Economic Crisis: Does It Matter for the Eurozone? - The Globalist

Turkey’s Economic Crisis: Does It Matter for the Eurozone?

A deep Turkish recession could lead to more migrants leaving Turkey for the EU. Currently more than three million Syrian refugees are living in Turkey.

More:Turkey’s Economic Crisis: Does It Matter for the Eurozone? - The Globalist

Turkey’s perfect storm – POLITICO

Turkey’s perfect storm

Don’t blame Trump. The current crisis is the culmination of Erdoğan’s reckless stewardship.

By Aykan Erdemir

WASHINGTON — Turkey’s president Recep Tayyip Erdoğan came to power on the heels of the 2001 financial crisis that ended entire political careers. Following Friday’s meltdown in the Turkish economy, a day Turks are already hailing as “Black Friday,” many are left wondering whether Erdoğan will also fall from power.

More:Turkey’s perfect storm – POLITICO

Turkey's Economy by the Numbers - 24/7 Wall St.

A Closer Look at Turkey’s Economy

By Douglas A. McIntyre August 11, 2018 8:45 am EDT

The value of Turkey’s currency, the lira, has collapsed. Its economy has stagnated so badly that there is even talk of a bailout, perhaps led by the International Monetary Fund (IMF). Banks in the nation loaned too much money, and some of those loans have failed. The country is in a trade war with the Trump administration, particularly over steel and aluminum prices. What does the Turkish economy look like? Here are comments from several expert sources.

More:Turkey's Economy by the Numbers - 24/7 Wall St.

Turkey is a ‘target of economic war’, Turkish president says - National | Globalnews.ca

Turkey is a ‘target of economic war’, Turkish president says

By Humeyra Pamuk Reuters

President Tayyip Erdogan denied on Saturday that Turkey is in a currency crisis, dismissing a plunge in the lira as ‘fluctuations’ which have nothing to do with economic fundamentals.

More:Turkey is a ‘target of economic war’, Turkish president says - National | Globalnews.ca

Saturday, August 11, 2018

Turkey's lira crisis may be down to Erdogan's fundamental misunderstanding of how 'evil' interest rates work

Turkey’s lira crisis may be down to Erdogan’s fundamental misunderstanding of how ‘evil’ interest rates work

LONDON – Turkey’s economy went from being rocky-but-fixable into a full-blown currency crisis today as the Turkish lira collapsed, losing more than 7% of its value against the US dollar on Friday, totaling a drop of over 35% since the same date last year. The crisis may potentially spread beyond Turkey, as Italy’s already troubled banks are particularly exposed to the lira.

More:Turkey's lira crisis may be down to Erdogan's fundamental misunderstanding of how 'evil' interest rates work

Turkey's Erdogan condemns 'shameful' US over detained pastor - BBC News

Turkey's Erdogan condemns 'shameful' US over detained pastor

The pastor is only one of a number of issues dividing Mr Trump and Mr Erdogan Turkish President Recep Tayyip Erdogan has accused the US of trying to "bring Turkey to its knees through threats over a pastor". The US has demanded the release of Andrew Brunson and on Friday doubled tariffs on steel and aluminium imports.

More:Turkey's Erdogan condemns 'shameful' US over detained pastor - BBC News

Opinion | Erdogan: How Turkey Sees the Crisis With the U.S. - The New York Times

Erdogan: How Turkey Sees the Crisis With the U.S.

Unilateral actions against Turkey by the United States will undermine American interests and force Turkey to look for other friends and allies.

More:Opinion | Erdogan: How Turkey Sees the Crisis With the U.S. - The New York Times

On Istanbul streets, defiant Turks see U.S. hand behind lira crisis | Reuters

On Istanbul streets, defiant Turks see U.S. hand behind lira crisis
Ece Toksabay

ISTANBUL (Reuters) - Serap, a 23-year-old clerk at a clothes store in central Istanbul, is sure of who to blame for the precipitous slide in Turkey’s lira currency.

More:On Istanbul streets, defiant Turks see U.S. hand behind lira crisis | Reuters

Erdogan warns of ′economic war′ as Turkish lira carnage spooks global markets | Europe| News and current affairs from around the continent | DW | 11.08.2018

Erdogan warns of 'economic war' as Turkish lira carnage spooks global markets

The Turkish lira crash is threatening to turn into a debt and liquidity crisis with no end in sight. Instead of acting, the Turkish leadership has warned of an "economic war."

More:Erdogan warns of ′economic war′ as Turkish lira carnage spooks global markets | Europe| News and current affairs from around the continent | DW | 11.08.2018

Friday, August 10, 2018

Turkey's Erdogan entrusts country to divine providence amid currency rout - ShareCast News - London South East

Turkey's Erdogan entrusts country to divine providence amid currency rout

(Sharecast News) - Turkey's President did not deliver any policy-relevant remarks on Friday, instead invoking God, telling an audience at a public rally he wanted to put their well-being in the Creator's hands.

More:Turkey's Erdogan entrusts country to divine providence amid currency rout - ShareCast News - London South East

Mainstream Turkish media turn blind eye to country’s worst currency crisis

Mainstream Turkish media turn blind eye to country’s worst currency crisis

Cengiz Candar August 9, 2018

Article Summary Although Turkey is suffering one of the worst currency crises in its history, no single mainstream Turkish media outlet has covered the development.

More:Mainstream Turkish media turn blind eye to country’s worst currency crisis

Defense On The Field: Turkey's Currency Woes, Geopolitics Weigh

Defense On The Field: Turkey's Currency Woes, Geopolitics Weigh

JJ Kinahan JJ Kinahan

Geopolitical turbulence appears to be generating a flight toward “defensive” investments like the dollar and Treasuries amid general weakness in stocks early Friday.

More:Defense On The Field: Turkey's Currency Woes, Geopolitics Weigh

Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs in effort to punish country - The Washington Post

Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs in effort to punish country

by Damian Paletta August 10 at 9:28 AM Email the author

President Trump said Friday that he told his administration to double steel and aluminum tariffs against Turkey, reflecting the rapidly deteriorating state of relations between the two countries.

More:Trump takes aim at Turkey, announcing doubling of steel and aluminum tariffs in effort to punish country - The Washington Post

It is too late to save Turkey’s economy - analyst | Ahval

It is too late to save Turkey’s economy - analyst

Turkey’s “Stalinist” mainstream media is refusing to report on economic problems, analyst Atilla Yeşilada wrote for economy focused website Para Analiz, but in any case, he said, it was too late to save the country’s economy.

“Recession has started, and it shall not end easily, because this is Turkey’s first balance sheet recession,” he wrote.

More:It is too late to save Turkey’s economy - analyst | Ahval

Global Stocks Drop Amid Concerns About Turkey - WSJ

Global Stocks Drop Amid Concerns About Turkey
Major indexes fall; the S&P 500 slides further from its January high
By Ben St. Clair
Updated Aug. 10, 2018 9:44 a.m. ET

Global stocks fell, the euro declined and investors moved into safer assets Friday amid fears that financial instability in Turkey could take a heavy toll on the wider economy.

More:Global Stocks Drop Amid Concerns About Turkey - WSJ

Turkey's Currency Crisis: What Happened, What's Next, Why It Matters - TheStreet

Turkey's Currency Crisis: What Happened, What's Next, Why It Matters

Turkey's lira has fallen to a record low against the dollar, and its $860 billion economy -- four times the size of Greece -- is teetering on the edge of a full-blown financial crisis.

More:Turkey's Currency Crisis: What Happened, What's Next, Why It Matters - TheStreet

If Turkey implodes, here's who else gets hurt

If Turkey implodes, here's who else gets hurt

Exposure is "pretty international." "European, U.S., Japan, China, Middle East — everyone," Timothy Ash, a senior emerging markets strategist at Bluebay Asset Management, told CNBC. Despite Turkish fears spreading to the rest of Europe there were analysts still fairly sanguine on the risks for the global economy and foreign investors.

With financial turmoil in Turkey roiling the country's assets, analysts are busy contemplating which other countries could be exposed and what this could mean for international investors.

More:If Turkey implodes, here's who else gets hurt

Erdogan to Break Rare Silence After Turkish Market Bloodbath - Bloomberg

Erdogan to Break Rare Silence After Turkish Market Bloodbath
By Onur Ant
August 9, 2018, 4:20 PM GMT+2

Rarely a day goes by without Turkish President Recep Tayyip Erdogan addressing his nation. His silence during this week’s markets bloodbath was a startling exception.

More:Erdogan to Break Rare Silence After Turkish Market Bloodbath - Bloomberg

U.S. Sanctions on Turkish Ministers Require Recalibration - The Globalist

U.S. Sanctions on Turkish Ministers Require Recalibration

Additional designations of Erdogan’s cronies would hurt the Turkish strongman’s warchest.

More:U.S. Sanctions on Turkish Ministers Require Recalibration - The Globalist

Turkey to announce 'new economic model' amid currency slide | KIRO-TV

Turkey to outline 'new economic model' as currency slides

By: SUZAN FRASER, Associated Press
Updated: Aug 9, 2018 - 7:45 AM

ANKARA, Turkey (AP) - Turkey's government says it will outline a "new economic model" on Friday as the national currency hit another record low amid concerns about the president's policies and an ongoing dispute with the U.S.

More:Turkey to announce 'new economic model' amid currency slide | KIRO-TV

Thursday, August 09, 2018

Turkey: Main opposition party wary of leadership debate

Turkey: Main opposition party wary of leadership debate
0
By Marta Subat on August 8, 2018 News

Spokesman says spat over chairman harming Republican People’s Party

By Mehmet Tosun

A spokesman for Turkey’s main opposition party on Wednesday called for an end to a prolonged debate whether or not to hold an emergency congress that would give disgruntled party members the venue to challenge the current leadership.

More:Turkey: Main opposition party wary of leadership debate

No sign of breakthrough as Turkey delegation holds talks in Washington | Kitco News

No sign of breakthrough as Turkey delegation holds talks in Washington
Reuters
Reuters Wednesday August 08, 2018 14:51

WASHINGTON (Reuters) - A Turkish delegation met with the State Department’s No. 2 official, John Sullivan, on Wednesday to address friction between the NATO allies fueled by Ankara’s detention of several Americans including an evangelical pastor.

There were no signs of a breakthrough, however, after the hour-long talks.

More:No sign of breakthrough as Turkey delegation holds talks in Washington | Kitco News

Turkey Wants to Arrest American Troops for Ties to 'Terrorist Group'

Turkey Wants to Arrest American Troops for Ties to 'Terrorist Group'
By David Brennan On 8/9/18 at 6:56 AM

Turkish lawyers are trying to arrest a group of American soldiers based in Turkey for alleged links to a terrorist group, amid an ongoing souring of relationships between Washington and Ankara.

More:Turkey Wants to Arrest American Troops for Ties to 'Terrorist Group'

Purged Turkish NATO officer risks Erdogan′s retaliation | Europe| News and current affairs from around the continent | DW | 09.08.2018

Purged Turkish NATO officer risks Erdogan's retaliation

Turkish authorities branded a former high-ranking NATO officer a "terrorist" and imprisoned him. After escaping back to Brussels, he told DW's Teri Schultz that staying silent about what he saw is no longer an option.

More:Purged Turkish NATO officer risks Erdogan′s retaliation | Europe| News and current affairs from around the continent | DW | 09.08.2018

Why Can't Turkey Stop Its Economic Nose-Dive? - Bloomberg

Why Can't Turkey Stop Its Economic Nose-Dive?
By Constantine Courcoulas
, Onur Ant
, and Tugce Ozsoy
August 8, 2018, 4:58 PM GMT+2

Turkey’s economic outlook has deteriorated so much that bankers and traders are starting to talk about the need for an International Monetary Fund rescue -- a taboo topic until recently. Some even worry that President Recep Tayyip Erdogan will impose capital controls as a last-ditch effort to avoid raising interest rates and stop a currency plunge. Since an election in June gave Erdogan expanded control over the economy, concerns have grown that he’ll adopt some of his less-orthodox economic views and steer an overheated economy off a cliff. The U.S., meanwhile, has sparked a currency crisis by threatening more sanctions over Turkey’s jailing of an American pastor on espionage and terrorism-related charges.

More:Why Can't Turkey Stop Its Economic Nose-Dive? - Bloomberg

Wednesday, August 08, 2018

Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns - Bloomberg

Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns
By Onur Ant
, Andrew Mayeda
, and Tugce Ozsoy
August 8, 2018, 6:00 AM GMT+2 Updated on August 8, 2018, 1:42 PM GMT+2

Lira slump may force president to ditch some economic dogmas
Analysts see need for rate rises, spending cuts, even IMF loan

Almost every prescription for Turkey to rescue its financial markets from meltdown, and its economy from the recession that looks increasingly likely to follow, involves the country’s president backing down.

More:Erdogan’s Road Map Out of Market Meltdown Is Full of U-Turns - Bloomberg

Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets | Wolf Street

Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets

by Don Quijones • Aug 7, 2018 •

Desperation is rising in Turkey’s banking sector following months of escalating political and financial instability. Benchmark interest rates have been hiked 10 percentage points so far this year to over 17%, making it much more expensive for companies and families to service their debt. But even that hasn’t stopped the Turkish Lira from plunging almost 25% since March.

More:Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets | Wolf Street

Turkey: Rumors Emerge of Deal Over U.S. Pastor

Turkey: Rumors Emerge of a Deal Over U.S. Pastor

What Happened: Turkey and the United States have reportedly reached an agreement for the release of U.S. pastor Andrew Brunson, Hurriyet Daily News reported Aug. 7, citing anonymous diplomatic sources.

More:Turkey: Rumors Emerge of Deal Over U.S. Pastor

Turkey Crisis Deepens | Financial Tribune

Turkey Crisis Deepens

The lira’s meltdown is not only hurting consumers’ sentiment and wallets, but it’s pushing corporate balance sheets closer to the abyss. Companies that borrowed heavily in foreign currencies now face a growing burden due to the tanking lira

More:Turkey Crisis Deepens | Financial Tribune

Turkey’s Cratering Markets Stoke Speculation Over Extreme Measures - Bloomberg

Turkey’s Cratering Markets Stoke Speculation Over Extreme Measures
By Constantine Courcoulas , Onur Ant , and Tugce Ozsoy

Desperate measures are in the air in Turkey: Trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core of economic policy making.

More:Turkey’s Cratering Markets Stoke Speculation Over Extreme Measures - Bloomberg

Tuesday, August 07, 2018

Turkey's borrowing costs hit record high as investors lose faith | City A.M.

Turkey's borrowing costs hit record high as investors lose faith
Share

Turkey's financial troubles deepened today as investors dumped its sovereign debt, pushing government borrowing costs to their highest on record amid a spiralling currency crisis.

More:Turkey's borrowing costs hit record high as investors lose faith | City A.M.

Turks Rally Behind Erdogan as Dispute with U.S. Deepens - The New York Times

Turks Rally Behind Erdogan as Dispute with U.S. Deepens

By Carlotta Gall

Aug. 7, 2018

ISTANBUL — In their recent encounter at the NATO summit meeting, President Recep Tayyip Erdogan of Turkey and President Trump gave each other a fist-bump, as Mr. Trump declared, “I like him, I like him.”

More:Turks Rally Behind Erdogan as Dispute with U.S. Deepens - The New York Times

Escalating sanctions could cripple Turkey’s economy | Financial Times

Escalating sanctions could cripple Turkey’s economy

Russian example highlights the importance of an independent central bank

More:Escalating sanctions could cripple Turkey’s economy | Financial Times

Ankara on Collision Course With Washington Over Iran Sanctions

Ankara on Collision Course With Washington Over Iran Sanctions
August 06, 2018 7:06 PM

Dorian Jones

ISTANBUL, TURKEY —

U.S. President Donald Trump's executive order Monday to introduce sanctions against Iran threatens to put Washington and Ankara on a collision course.

More:Ankara on Collision Course With Washington Over Iran Sanctions

Turkish Banks' Ability to Extend Debt Is Key in Crisis - Bloomberg

Turkish Banks' Ability to Extend Debt Is Key in Crisis
By Asli Kandemir
August 7, 2018, 6:00 AM GMT+2 Updated on August 7, 2018, 8:12 AM GMT+2

U.S. sanctions, penalties are hitting confidence in Turkey
Costs for foreign-debt dependent Turkish firms are rising

Investors are watching closely to see whether Turkish banks will maintain access to the foreign funding they need to keep economic activity humming, as the economy is battered by U.S. sanctions, rating cuts, concern about a looming fine on a state bank and a plunging lira.

More:Turkish Banks' Ability to Extend Debt Is Key in Crisis - Bloomberg

Turkish lira stabilises after violent sell-off | Financial Times

Turkish lira stabilises after violent sell-off

Currency tumbled 4.7% to record low in previous trading day

The lira regained its footing a little on Tuesday after hitting a record low in a tumultuous day that threatened to deepen the country’s economic troubles.

More:Turkish lira stabilises after violent sell-off | Financial Times

Turkey’s economy struggles with new political reality

Turkey’s economy struggles with new political reality

Mustafa Sonmez August 6, 2018

Article Summary
Turkey’s economic downturn has only grown worse since President Recep Tayyip Erdogan assumed sweeping new powers after the June polls, as some observers fear that the economy might not be Ankara’s primary concern.

More:Turkey’s economy struggles with new political reality

We have damaged our party in a way AKP couldn’t - main opposition deputy chair | Ahval

We have damaged our party in a way AKP couldn’t - main opposition deputy chair

Turkey’s ruling Republican People’s Party (CHP) deputy chair has called for a self-criticism amid ongoing tensions in the party’s top tiers following the defeat it suffered in the June presidential and parliamentary elections, Russian Sputnik news reported.

More:We have damaged our party in a way AKP couldn’t - main opposition deputy chair | Ahval

Monday, August 06, 2018

Turkish lira drops further as central bank injects liquidity into financial sector | Financial Times

Turkish lira drops further as central bank injects liquidity into financial sector

Turkey’s central bank on Monday said it would make an adjustment to its reserve policies aimed at bolstering the country’s banking sector amid ructions in the financial market — a move that nevertheless sent the lira plunging to fresh lows against the US dollar.

More:Turkish lira drops further as central bank injects liquidity into financial sector | Financial Times

Erdogan opens Turkish lira to new line of attack – Business Recorder

Erdogan opens Turkish lira to new line of attack

Shoaib Ur Rehman Aug 6th, 2018 0

LONDON: President Tayyip Erdogan is engaged in too many squabbles for the Turkish lira’s good. He has already alienated global money managers, who worry that his influence is preventing the central bank from doing enough to curb inflation.

Now, relations with the United States have turned tetchy. The tougher the line that Erdogan takes with the world’s largest economy, the more investors will punish Turkish assets.

More:Erdogan opens Turkish lira to new line of attack – Business Recorder

Turkey’s Opposition Lost to Erdogan, Then It Lost Its Mind – Foreign Policy

Turkey’s Opposition Lost to Erdogan, Then It Lost Its Mind

Since the June election, the country’s various opposition parties have collapsed into chaos, leaving the president without a credible challenger.

More:Turkey’s Opposition Lost to Erdogan, Then It Lost Its Mind – Foreign Policy

Sunday, August 05, 2018

Driving Turkey into the Arms of Russia? - The Globalist

Driving Turkey into the Arms of Russia?

The convergence of Russian-Turkish interests is likely only of a temporary nature.
By James M. Dorsey, August 6, 2018

The Trump administration decision to sanction two key Turkish officials in retaliation for the continued detention of an American cleric is seen as driving Turkey, a longstanding NATO ally, into Russia’s hands.

More:Driving Turkey into the Arms of Russia? - The Globalist

Erodgan fiddles with glee as Turkish lira goes down in flames | Yavuz Baydar | AW

Erdogan fiddles with glee as Turkish lira goes down in flames

With the Brunson case and US sanctions, Erdogan may have found the perfect way to divert the blame.

More:Erodgan fiddles with glee as Turkish lira goes down in flames | Yavuz Baydar | AW

Saturday, August 04, 2018

CHP’s in-house spat over extraordinary convention deepens

CHP’s in-house spat over extraordinary convention deepens
ANKARA

An in-house rift for leadership in the main opposition Republican People’s Party (CHP) is seemingly deepening as the two rival sides are disagreeing on the number of supporters demanding an extraordinary convention in which current chair Kemal Kılıçdaroğlu would be challenged by the defeated presidential candidate Muharrem İnce.

More:CHP’s in-house spat over extraordinary convention deepens

What is the Andrew Brunson row all about? | All media content | DW | 03.08.2018

What is the Andrew Brunson row all about?

The dispute over the detention of US pastor Andrew Craig Brunson has strained diplomatic ties between the US and Turkey. Who is Brunson, and why has President Recep Tayyip Erdogan's government put him behind bars?

More:What is the Andrew Brunson row all about? | All media content | DW | 03.08.2018

Trump and Erdogan square up for a fight - The Washington Post

Trump and Erdogan square up for a fight
by Ishaan Tharoor August 3 Email the author

President Trump may have squabbled with Western European leaders on a trip to NATO headquarters last month and cast the European Union as a “foe,” but he displayed plenty of warmth for Turkish President Recep Tayyip Erdogan. According to one account, Trump “fist-bumped” his Turkish counterpart when they met in Brussels, praising a leader known for his authoritarian style as someone who “does things the right way.”

More:Trump and Erdogan square up for a fight - The Washington Post

Erdogan officially appoints his new presidential chief adviser

Erdogan officially appoints his new presidential chief adviser
By Lida Filippakis / Published on: 03-08-2018, 09:39

The head of Turkey, Recep Tayyip Erdogan officially appointed on Thursday evening his new chief adviser, Fahri Kasirga, under the new presidential system.

More:Erdogan officially appoints his new presidential chief adviser

Friday, August 03, 2018

These Turks are risking everything to resist Recep Tayyip Erdogan

These Turks are risking everything to resist Erdogan
by Andreas Vou
| August 02, 2018 12:00 AM

On the surface, it appeared to be a hero’s welcome for Turkish President Recep Tayyip Erdogan when he touched down in the breakaway Turkish republic in the north of Cyprus earlier this month, as Turkish flags and a gun salute greeted his arrival. Away from the cameras however, there is a very different reality, as locals grow ever more opposed to what they see as the systematic overthrow of their secular values.

More:These Turks are risking everything to resist Recep Tayyip Erdogan

Sanctions On Turkey: The Secret History Of How It Happened And Nightmare Scenarios

Sanctions On Turkey: The Secret History Of How It Happened And Nightmare Scenarios

Melik Kaylan Melik Kaylan Contributor

Policy As a strategic alliance of some 70 years degenerates into recriminations and tit-for-tat sanctions between Turkey and the U.S., let us consider the possible scenarios. What happens if Turkey dumps Nato and joins the strategic opposition? Can the Brunson case lead in that direction — and what's really going on there anyway? First the facts: Washington imposed Magnitsky-like global injunctions against two top officials of President Erdogan's cabinet, the Justice and Interior ministers, for Turkey's failure to release the evangelist Pastor Andrew Brunson. News emerged that Ankara rather cluelessly planned to retaliate in kind against the U.S. Attorney General and Interior Secretary – the latter official presides over National Parks. Turkey's top four non-Kurdish political parties issued a unified protest against the U.S. The Kurdish party didn't.

More:Sanctions On Turkey: The Secret History Of How It Happened And Nightmare Scenarios

Turkey's Been 'Waiting to Blow Up for Some Months,' Says Posen – Bloomberg

Turkey's Been 'Waiting to Blow Up for Some Months,' Says Posen
TV Shows - Bloomberg Surveillance
August 2nd, 2018, 1:01 PM GMT+0200

Adam Posen, president at Peterson Institute for International Economics, discusses the U.S. imposing sanctions on Turkey and the issues impacting the nation's economy. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)

More:Turkey's Been 'Waiting to Blow Up for Some Months,' Says Posen – Bloomberg

How women are increasingly leading Turkey’s socialist movement | Green Left Weekly

How women are increasingly leading Turkey’s socialist movement
Muhsin Yorulmaz
Mazlum Zafer
August 3, 2018

In common with many other countries, Turkey’s socialist movement has been marked by the dominance of men in positions of leadership and authority.

More:How women are increasingly leading Turkey’s socialist movement | Green Left Weekly

Here’s why there may be more pain in store for Turkey’s lira - MarketWatch

Here’s why there may be more pain in store for Turkey’s lira

Published: Aug 3, 2018 2:26 a.m. ET

Inflation data could spark further weakness: analyst AFP/Getty Images By Anneken Tappe Turkey’s lira has had a bad week, hitting fresh all-time lows versus the U.S. dollar as relations between Washington and Ankara soured. But it could get worse on Friday, when Turkish inflation data is due, said Win Thin, global head of emerging market currency strategy, at Brown Brothers Harriman.

More:Here’s why there may be more pain in store for Turkey’s lira - MarketWatch

Thursday, August 02, 2018

Turkey Introduces Additional Duties For Certain US-Origin Goods - International Law - Turkey

Turkey: Turkey Introduces Additional Duties For Certain US-Origin Goods
Last Updated: 2 August 2018
Article by Dr. E. Seyfi Moroğlu, LL.M. and A. Başak Acar, LL.M.
Moroğlu Arseven

Turkey has introduced additional duties on certain US-origin imported goods, in response to new duties on steel and aluminium introduced by the US. The duties range from 4% to 70% for imported food, alcohol, coal, cosmetic products, PVC, motor vehicles and chemicals from the US.

More:Turkey Introduces Additional Duties For Certain US-Origin Goods - International Law - Turkey

What will it take to defuse US-Turkey crisis?

What will it take to defuse US-Turkey crisis?

Amberin Zaman August 2, 2018

Article Summary The US Treasury's sanctions against two high-level Turkish officials — a move unprecedented between NATO allies — has pushed the ailing Turkish lira to record lows against the dollar and the two sides could become trapped in an escalating spiral.

More:What will it take to defuse US-Turkey crisis?

Feature: Turkish small business owners alarmed by currency's rapid decline - Xinhua | English.news.cn

Feature: Turkish small business owners alarmed by currency's rapid decline

ISTANBUL, Aug. 2 (Xinhua) -- Turkish small business owners are alarmed by the sharp decline in the value of Turkish lira against the U.S. dollar, as the exchange rate hit a new record low on Thursday.

More:Feature: Turkish small business owners alarmed by currency's rapid decline - Xinhua | English.news.cn

Turkey lira slumps to record lows over US sanctions in pastor case, Ankara vows to respond

Turkey lira slumps to record lows over US sanctions in pastor case, Ankara vows to respond
Sanctions have been imposed on Turkey by US in the case of Pastor Brunson, who had been jailed in Turkey for more than one and a half years on terror and espionage charges. (AP/Emre Tazegul)
Updated 01 August 2018
AFP
August 01, 2018 20:03

The lira lost over 1.6 percent of its value against the dollar following Washington’s move
US hit Turkey’s justice and interior ministers with sanctions over the case of an American pastor on trial for terror-related charges

ANKARA: The Turkish lira on Wednesday slumped to record lows of 5.0 against the dollar as the US hit Turkey’s justice and interior ministers with sanctions over the case of an American pastor on trial for terror-related charges.

More:Turkey lira slumps to record lows over US sanctions in pastor case, Ankara vows to respond

Wednesday, August 01, 2018

U.S. Said to Prepare a Target List of Turkey Economic Sanctions – Bloomberg

U.S. Said to Prepare a Target List of Turkey Economic Sanctions
TV Shows - Bloomberg Markets
August 1st, 2018, 6:41 PM GMT+0200

The U.S. has reportedly prepared a list of Turkish individuals and entities that could be targeted if sanctions are imposed on the government of Recep Tayyip Erdogan for imprisoning U.S. citizens and diplomatic employees. Bloomberg's Benjamin Harvey reports on "Bloomberg Markets: Balance of Power." (Source: Bloomberg)

More:U.S. Said to Prepare a Target List of Turkey Economic Sanctions – Bloomberg

Outrage after ‘PKK bomb’ kills mother, baby in Turkey | News , Middle East | THE DAILY STAR

Outrage after ‘PKK bomb’ kills mother, baby in Turkey

ISTANBUL/COPENHAGEN: Turkish President Recep Tayyip Erdogan Wednesday vowed to fight Kurdish militants to the “last terrorist” after a mother and her 11-month-old baby were killed in a roadside bomb attack blamed on the outlawed Kurdistan Workers Party (PKK).

More:Outrage after ‘PKK bomb’ kills mother, baby in Turkey | News , Middle East | THE DAILY STAR

Erdogan Slams ‘Evangelist’ U.S. as Pastor’s Detention Roils Ties - Bloomberg

Erdogan Slams ‘Evangelist’ U.S. as Pastor’s Detention Roils Ties
By Cagan Koc
August 1, 2018, 12:51 PM GMT+2

President Recep Tayyip Erdogan said Turkey will not bow to threats fueled by an “evangelist and Zionist mentality” in the U.S., as the diplomatic crisis between the two NATO members over the fate of a detained American pastor showed no signs of abating.

More:Erdogan Slams ‘Evangelist’ U.S. as Pastor’s Detention Roils Ties - Bloomberg

US announces sanctions against Turkish cabinet ministers over Brunson arrest

US announces sanctions against Turkish cabinet ministers over Brunson arrest
WASHINGTON

The United States announced sanctions against Turkey's Justice Minister Abdulhamit Gül and Interior Minister Süleyman Soylu on Aug. 1 over the country's imprisonment of Pastor Andrew Brunson.

More:US announces sanctions against Turkish cabinet ministers over Brunson arrest

Move over Özil, it’s Merkel next for smiling Erdoğan – POLITICO

Move over Özil, it’s Merkel next for smiling Erdoğan

The Turkish president is headed to Germany at a particularly delicate time.

By Matthew Karnitschnig

7/31/18, 4:00 AM CET

BERLIN — Germany is bracing for Recep Tayyip Erdoğan’s next photo-op.

As the affair surrounding a photograph of the Turkish leader and German footballer Mesut Özil reignited a divisive debate over the place of ethnic Turks in German society, it emerged that the German government invited Erdoğan for a state visit in September to meet with Chancellor Angela Merkel and President Frank-Walter Steinmeier.

More:Move over Özil, it’s Merkel next for smiling Erdoğan – POLITICO

Turkey's Erdogan Wants To Crush The Kurds And Recreate The Ottoman World | Opinion

Turkey's Erdogan Wants To Crush The Kurds And Recreate The Ottoman World | Opinion
By Jonathan Wachtel and Albert Wachtel On 7/31/18 at 12:38 PM

Consumed by the need for grandeur, despots tend to share their monstrous plans, then execute them. Running to be reelected in a race warped in his favor, Turkey’s President Erdogan campaigned by demonizing minority Kurds to create a common enemy—as tyrants do.

More:Turkey's Erdogan Wants To Crush The Kurds And Recreate The Ottoman World | Opinion

Tuesday, July 31, 2018

Turkey: New System, Same One-Man Show | Jewish & Israel News Algemeiner.com

Turkey: New System, Same One-Man Show
avatar by Burak Bekdil

President Recep Tayyip Erdoğan, undoubtedly the most popular and divisive leader in modern Turkish history, has already ruled the country longer than Atatürk, the founder of modern secular Turkey. By 2023, when his presidential term expires, Erdoğan will have ruled Turkey for 21 years compared to Atatürk’s 15. It may sound like a joke, but the Turkish president, among other duties, will now have the authority to set pharmaceutical prices and traffic fines for motorists driving without winter tires on snowy roads.

More:Turkey: New System, Same One-Man Show | Jewish & Israel News Algemeiner.com

Turkey Warms Up to Europe as Its US Ties Fester

Turkey Warms Up to Europe as Its US Ties Fester
July 31, 2018 1:28 PM

Dorian Jones

ISTANBUL, TURKEY —

With U.S.-Turkish ties deeply strained, Ankara's relationship with Europe is warming. Berlin reportedly has invited Turkish President Recep Tayyip Erdogan for a state visit. At the same time, Erdogan is organizing a summit between France, Germany, and Russia to discuss Syria.

More:Turkey Warms Up to Europe as Its US Ties Fester

Why the results of Turkey’s election are surprising - The Washington Post

Why the results of Turkey’s election are surprising

On June 25, the day after Turkey’s election, people in Istanbul walk past a billboard showing President Recep Tayyip Erdogan. (Emrah Gurel/AP)
by Abdullah Aydogan July 31 at 7:00 AM

Last month, an election in Turkey kept President Recep Tayyip Erdogan and his coalition in power. But experts are puzzled by the results — and caution that the election was not free and fair.

More:Why the results of Turkey’s election are surprising - The Washington Post

Turkey's central bank hikes inflation view, defends independence | Reuters

Turkey's central bank hikes inflation view, defends independence
Ece Toksabay, Tuvan Gumrukcu

ANKARA (Reuters) - Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price pressures were the only factor in its policy decisions as it sought to emphasize its independence from political interference.

More:Turkey's central bank hikes inflation view, defends independence | Reuters

Turkey’s Choice: Russian Meat and Russian Yandex — Valdai Club

Turkey’s Choice: Russian Meat and Russian Yandex
30.07.2018
© 2018 Mike Hutchings/AP
Hüseyin Bağcı

In the Cold War years, the US and Europe were Turkey’s “global navigation” for integration with NATO and European institutions. This time, it is the Russian Yandex, which will probably be the new “navigation.”

More:Turkey’s Choice: Russian Meat and Russian Yandex — Valdai Club

Monday, July 30, 2018

How Washington Can Stop the U.S.-Turkey Relationship From Rupturing

How to Save the U.S.-Turkey Relationship
For the Sake of the Alliance, Erdogan Must Fold
By Amanda Sloat

The tense relationship between the United States and Turkey is reaching an inflection point. As the Turkish government has taken an increasingly authoritarian turn and made questionable foreign policy choices in recent years, Washington has tried to exercise strategic patience and engage Turkish leadership to resolve differences between the two countries. But that patience is wearing thin, as Ankara has repeatedly failed to respond to Washington’s concerns—chief among them right now the imprisonment of Andrew Brunson, a Christian pastor from North Carolina, on specious terrorism charges. The handling of the Brunson case, which came to a head last week when he was moved to house arrest rather than released, will affect the future of bilateral ties. If negotiations fail, the United States may feel compelled to shift its approach away from diplomacy and toward economic leverage. In this game of foreign policy poker, Turkey’s struggling economy may force President Recep Tayyip Erdogan to fold first.

More:How Washington Can Stop the U.S.-Turkey Relationship From Rupturing

Erdogan: Turkey Plans Summit On Syria Conflict In September

Erdogan: Turkey Plans Summit On Syria Conflict In September
July 29, 2018 09:27 GMT

Turkey is planning to hold a summit with France, Germany, and Russia in early September to discuss the Syrian conflict and other regional issues, Turkish President Recep Tayyip Erdogan has said.

More:Erdogan: Turkey Plans Summit On Syria Conflict In September

Sunday, July 29, 2018

With Water and Flowers, Syrians Try to Break the “Stereotype” in Turkey

With Water and Flowers, Syrians Try to Break the “Stereotype” in Turkey

“A black spot stains a white dress”, said Basel Hailam, the head of the Syrian Associations Platform, Istanbul, while speaking of the difficulties that Syrians have been lately forced to deal with in Turkey, especially following the recent events that the Turkish province of Gaziantep has witnessed, triggering the anger of a few Turkish young men who sabotaged Syrian people’s shops, avenging a girl, who has been allegedly sexually harassed by an old Syrian man early in July.

More:With Water and Flowers, Syrians Try to Break the “Stereotype” in Turkey

Saturday, July 28, 2018

Eisman Places a Bet on Turkish Contagion to European Lenders - Bloomberg

Eisman Places a Bet on Turkish Contagion to European Lenders
By Karoliina Liimatainen
and Benjamin Harvey
July 27, 2018, 2:30 PM GMT+2

Steve Eisman, who predicted the collapse of subprime mortgages before the 2008 financial crisis, is betting that Turkey’s economic troubles will also be a drag on two major European banks, Spain’s Banco Bilbao Vizcaya Argentaria SA and Italy’s UniCredit SpA.

More:Eisman Places a Bet on Turkish Contagion to European Lenders - Bloomberg

UPDATE 1-Turkey considers new stimulus as growth seen slowing, officials say | Reuters

Turkey considers new stimulus as growth seen slowing, officials say

Reuters Staff

By Nevzat Devranoglu and Orhan Coskun

ANKARA, July 27 (Reuters) - President Tayyip Erdogan’s government is considering further stimulus measures to address an expected slowdown in growth in coming quarters, two officials said - a move that could raise expectations that fiscal policy will be loosened.

More:UPDATE 1-Turkey considers new stimulus as growth seen slowing, officials say | Reuters

Thursday, July 26, 2018

CHP dissidents say enough signatures collected for extraordinary convention - Daily Sabah

CHP dissidents say enough signatures collected for extraordinary convention

The dissidents challenging main opposition the Republican People's Party (CHP) Chairman Kemal Kılıçdaroğlu after the party's failure in the June 24 presidential and parliamentary elections said Tuesday that enough signatures have been collected from party delegates to hold an extraordinary leadership convention.

More:CHP dissidents say enough signatures collected for extraordinary convention - Daily Sabah

Friction with US may affect Turkey's trajectory in NATO

Friction with US may affect Turkey's trajectory in NATO

Cengiz Candar July 25, 2018

Article Summary US President Donald Trump and Turkish President Recep Tayyip Erdogan shared a fist bump in Brussels, but a figurative fistfight continues between Congress and Ankara.

More:Friction with US may affect Turkey's trajectory in NATO

Turkey seeks to grab bigger share of halal market

Turkey seeks to grab bigger share of halal market

Mehmet Cetingulec July 25, 2018

Article Summary Turkey is setting up a Halal Accreditation Authority in the hope of boosting sales to fellow Muslim countries.

More:Turkey seeks to grab bigger share of halal market

Wednesday, July 25, 2018

Congress blocks F-35 fighter shipments to Turkey - Washington Times

Congress blocks F-35 fighter shipments to Turkey

Congressional defense lawmakers officially barred deliveries of the fifth-generation F-35 Joint Strike Fighter to Turkish forces, inserting the ban into the final version of the Pentagon’s budget blueprint for the upcoming fiscal year.

More:Congress blocks F-35 fighter shipments to Turkey - Washington Times

Turkey's state of emergency is lifted, but its state of mind endures

Turkey's state of emergency is lifted, but its state of mind endures

Scott Peterson
Christian Science Monitor•July 24, 2018

Shortly after surviving a coup attempt two years ago, President Recep Tayyip Erdoğan called the failed bid to topple him “a gift from God” for exposing his enemies, and promised to shape “a new Turkey.”

More:Turkey's state of emergency is lifted, but its state of mind endures

Turkey Won’t Fool Investors Twice on Rates - Bloomberg

Turkey Won’t Fool Investors Twice on Rates

This unhelpful policy surprise means things can only get worse for the lira and the Turkish bond market.

More:Turkey Won’t Fool Investors Twice on Rates - Bloomberg

Turkey eyes 850K medical tourists for 2018, following boom in sector last year - Daily Sabah

Turkey eyes 850K medical tourists for 2018, following boom in sector last year

Turkey eyes 850K medical tourists for 2018, following boom in sector last year
With the opportunities and quality it offers, Turkey has experienced a boom in its health tourism sector with 700,000 tourists coming to the country for treatment last year. The country is setting the bar even higher as it aims to receive at least 850,000 medical tourists

More:Turkey eyes 850K medical tourists for 2018, following boom in sector last year - Daily Sabah

Trump's Twitter War on Iran Is No Joke - Bloomberg

Trump's Twitter War on Iran Is No Joke

...If you want to see what life and economics are like under a president who cares nothing about central-bank independence, then have a look at Turkey. Under pressure from President Recep Tayyip Erdogan and his finance minister/son-in-law, Turkey’s central bank shocked markets today by deciding not to raise interest rates even a little bit, despite inflation pressures and a crumbling currency. Investors are right to give up hope that Erdogan will ever come to his senses, writes Marcus Ashworth...

More:Trump's Twitter War on Iran Is No Joke - Bloomberg

Tuesday, July 24, 2018

Dollar retreats as commodity currencies bounce; Turkish lira plummets - MarketWatch

Dollar retreats as commodity currencies bounce; Turkish lira plummets

Published: July 24, 2018 11:25 a.m.

ET European PMIs — showing a slower manufacturing sector — are in focus Getty Images By Anneken Tappe The U.S. dollar was softer against most of its major rivals on Tuesday, as commodity prices bounced higher and gave related currencies room to rally. Turkey’s lira was in focus after a monetary policy decision stirred investor worries about the independence of Turkey’s central bank.

More:Dollar retreats as commodity currencies bounce; Turkish lira plummets - MarketWatch

Turkey: Is President Erdogan The New State Of Emergency? - The Media Line

Turkey: Is President Erdogan The New State Of Emergency?
By Kristina Jovanovski | The Media Line

July 23, 2018

Analysts debate whether Turkish leader’s authority can be curbed under new presidential system that gives him sweeping new powers

An impending bill in Turkey is raising fears that President Recep Tayyip Erdogan will further increase his grip on the country; this, as a new political system is ushered in that already vastly expands his powers.

More:Turkey: Is President Erdogan The New State Of Emergency? - The Media Line

COMMENTARY - Sedat Peker, Erdoğan’s mafia leader ally, is spreading his wings - Stockholm Center for Freedom

COMMENTARY — Sedat Peker, Erdoğan’s mafia leader ally, is spreading his wings
By
SCF -
July 23, 2018

By Abdullah Bozkurt

The president of Turkey, Recep Tayyip Erdoğan, has contracted some of his clandestine operations to mafia leaders who have apparently pledged to serve in advancing the Turkish leader’s petty interests both at home and abroad in exchange for political cover and legal immunity for their illicit activities.

More:COMMENTARY - Sedat Peker, Erdoğan’s mafia leader ally, is spreading his wings - Stockholm Center for Freedom

Final defense bill looks to block F-35s to Turkey, going against Mattis | TheHill

Final defense bill looks to block F-35s to Turkey, going against Mattis
By Ellen Mitchell - 07/23/18 06:57 PM EDT

Congress in its final version of the fiscal 2019 defense bill is looking to pause sales of F-35 joint strike fighters to Turkey until a new assessment on U.S.–Turkey relations, going against the wishes of Defense Secretary James Mattis.

More:Final defense bill looks to block F-35s to Turkey, going against Mattis | TheHill

Explosion occurs in Ankara

Explosion occurs in Ankara

An explosion occured in Ankara on Monday, CNN Turk TV channel reported. Other details of the incident are not specified. Local authorities are trying to figure out what is the reason of the explosion.

More:Explosion occurs in Ankara

Monday, July 23, 2018

Turkey's Iyi Party opposition leader to step down | Reuters

Turkey's Iyi Party opposition leader to step down

Reuters Staff

ANKARA (Reuters) - The leader of Turkey’s opposition Iyi (Good) Party, Meral Aksener, said on Sunday that she would step down from her post at an extraordinary party congress.

More:Turkey's Iyi Party opposition leader to step down | Reuters

Sunday, July 22, 2018

Turkish Opposition Party Faces Rift As Delegates Push For New Congress

Turkish Opposition Party Faces Rift As Delegates Push For New Congress
National
Staff WriterBy Staff Writer On Jul 21, 2018

The rift within Turkey’s main opposition Republican People’s Party (CHP) widens as a number of delegates push for a party congress to elect a new leader after the electoral defeat last month.

More:Turkish Opposition Party Faces Rift As Delegates Push For New Congress

Turkey's Crackdown On Suspected Opponents Continues 2 Years After Attempted Coup : NPR

Turkey's Crackdown On Suspected Opponents Continues 2 Years After Attempted Coup

July 21, 20188:53 AM ET

Peter Kenyon

Two years after a military uprising attempted to topple Turkey's leader from power, President Recep Tayyip Erdogan has consolidated more power than ever.

More:Turkey's Crackdown On Suspected Opponents Continues 2 Years After Attempted Coup : NPR

Banality of Turkey’s Purge and Crackdown As Lives Upended

Banality of Turkey’s Purge And Upended Lives

By Abdullah Ayasun
On Jul 21, 2018

Greek border police search for missing Turkish mother and her three children in Evros River Greek border police search for missing Turkish mother and her three children in Evros River. (Photo: AP) Share “Evros River is the one which gives the best punishment to FETO [Gulenists],” wrote news editor of Yeni Turkey (New Turkey), a pro-Erdogan newspaper. What he wrote about indeed was an incident in which a mother and her one-year-old baby were found dead on the Turkish side of Evros River, the natural frontier between Turkey and Greece that has become a graveyard for thousands of misfortune asylum seekers.

More:Banality of Turkey’s Purge and Crackdown As Lives Upended

Saturday, July 21, 2018

Germany drops sanctions on Turkey, relaxes travel advice

Germany drops sanctions on Turkey, relaxes travel advice
BERLIN – AFP

Germany has lifted economic sanctions on Turkey and relaxed its travel advice to the country, Berlin said on July 21, after Ankara ended its two-year state of emergency.

More:Germany drops sanctions on Turkey, relaxes travel advice

'Our bodies are Turkish, our souls Islamic!' The rise of Turkey's ultra-nationalists | Middle East Eye

Our bodies are Turkish, our souls Islamic!' The rise of Turkey's ultra-nationalists
#TurkeyPolitics

The surprise electoral success of the far-right Nationalist Movement Party has given Turkish ultra-nationalism more power than ever

More:'Our bodies are Turkish, our souls Islamic!' The rise of Turkey's ultra-nationalists | Middle East Eye

bne IntelliNews - Fitch cuts Turkish lenders’ and corporates’ ratings following sovereign downgrade

Fitch cuts Turkish lenders’ and corporates’ ratings following sovereign downgrade amid fears Turkey is in for a hard landing.

Fitch Ratings has downgraded the Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 24 Turkish banks and their subsidiaries, in most cases by two notches, the ratings agency said on July 20.

More:bne IntelliNews - Fitch cuts Turkish lenders’ and corporates’ ratings following sovereign downgrade

CHP dissidents expected to reach quorum for extraordinary party convention - Daily Sabah

CHP dissidents expected to reach quorum for extraordinary party convention
DAILY SABAH
ISTANBUL

Dissidents in the main opposition Republican People's Party (CHP) have almost reached a quorum, necessary to call for an extraordinary convention that may replace the party leadership, including Chairman Kemal Kılıçdaroğlu.

More:CHP dissidents expected to reach quorum for extraordinary party convention - Daily Sabah

Friday, July 20, 2018

Is Turkey’s state of emergency really over?

Is Turkey’s state of emergency really over?

Sibel Hurtas

July 19, 2018

Article Summary A tough security bill drafted up by Turkey’s ruling party looms as a replacement for the two-year state of emergency that ended July 19.

More:Is Turkey’s state of emergency really over?

Turkey, Netherlands resume relations after diplomatic row

Turkey, Netherlands resume relations after diplomatic row

President Erdogan accused the Dutch of behaving like "fascists" after two Turkish ministers were barred from attending an election rally in 2017.

The Netherlands and Turkey said on Friday they were resuming full diplomatic ties for the first time since Dutch officials barred two Turkish ministers from attending an election rally in March 2017.

More:Turkey, Netherlands resume relations after diplomatic row