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Thursday, October 21, 2010

Northport Guardsman assigned to Turkish hot spot - - Belfast - Waldo - The Republican Journal

"Northport Guardsman assigned to Turkish hot spot
Oct 21, 2010

Incirlik Air Base, Turkey — For the son of a Northport woman, living only 35 miles from the Mediterranean Sea makes this assignment seem like a dream come true."

More:Northport Guardsman assigned to Turkish hot spot - - Belfast - Waldo - The Republican Journal

We need new rules for a multipolar Europe

"We need new rules for a multipolar Europe

By Ivan Krastev and Mark Leonard

Published: October 20 2010 23:07 | Last updated: October 20 2010 23:07

The security summit this week between Nicolas Sarkozy, Angela Merkel and Dmitry Medvedev was always likely to be a non-event. France wanted something spectacular, Germany something reasonable, Russia something it could trade. So, the chances of a meeting of minds were slim. But the gathering at Deauville in northern France could turn out to be a non-event with consequences. When historians look back, this may be seen as the moment when leaders faced up to the fact that they are living in a multipolar Europe.

...Turkey, frustrated by the way in which some EU states have blocked membership negotiations, is increasingly pursuing an independent foreign policy and looking for a larger role. Add to this the fact that the US – its hands full dealing with Afghanistan, Iran and the rise of China – has ceased to be a full-time European power and you can see the multipolar Europe looming..."

More:FT.com / Comment / Opinion - We need new rules for a multipolar Europe

A special report on Turkey: In it for the long haul | The Economist

"In it for the long haul
But a liberal democracy ready to join the EU is still the best bet

Oct 21st 2010

IT HAS become a joke for The Economist to say that a country is at a crossroads, yet for Turkey it happens to be spot on. The next year or two will be critical to where the country is going."

More:A special report on Turkey: In it for the long haul | The Economist

A special report on Turkey: A fading European dream | The Economist

"A fading European dream
Will Turkey ever join the EU?

Oct 21st 2010
Erdogan in search of ever closer union

TURKEY’S involvement with the European project has a long and chequered history. The country expressed interest in a link with the original six-strong European Economic Community as far back as 1959, the first non-member to do so. In 1963 it signed an association agreement with the EEC. Walter Hallstein, a German Christian Democrat who was the first president of the European Commission, hailed this as explicit recognition that “Turkey is a part of Europe.” Sadly that view is not shared by many in his party today."

More:A special report on Turkey: A fading European dream | The Economist

A special report on Turkey: All Turks together? | The Economist

"All Turks together?
Turkey is overcentralised and treats minorities badly

Oct 21st 2010

MOST Turkish schoolchildren take part in a weekly flag ceremony during which they recite a patriotic chant ending, “Happy is he who calls himself a Turk.” The old Ottoman empire was a patchwork quilt of different nationalities and religions, but Ataturk’s Turkey was intolerant of non-Turks, even though the Lausanne treaty of 1923 recognised the existence of Armenians, Greeks and Jews. In his book on eastern Turkey, “Rebel Land”, Christopher de Bellaigue recalls going with a Kurdish friend to meet a local governor. When he tentatively tries to ask about the treatment of minorities, the governor brusquely interrupts to say that “we have no minorities in Turkey.”"

More:A special report on Turkey: All Turks together? | The Economist

Underwater cultural heritage conference to be held in Istanbul

"Underwater cultural heritage conference to be held in Istanbul

A press conference will be held Friday to provide information on an upcoming regional meeting designed to help protect underwater cultural heritage in the Mediterranean and Arab region."

More:Underwater cultural heritage conference to be held in Istanbul - Hurriyet Daily News and Economic Review

REIT starts trading at the Istanbul Stock Exchange

"REIT starts trading at the Istanbul Stock Exchange

Shares of the Torunlar Real Estate Investment Trust, or REIT, began trading at the Istanbul Stock Exchange on Thursday, as company executives and bourse officials chimed the opening bell."

More:REIT starts trading at the Istanbul Stock Exchange - Hurriyet Daily News and Economic Review

Aston Martin enters Turkish market with first dealership in Istanbul | Aston Martin at AutoTalk

"Aston Martin enters Turkish market with first dealership in Istanbul
Aston Martin — By Aston Martin on October 21, 2010 at 9:01 am

Aston Martin is gearing up to enter Turkey with a new dedicated dealership in Istanbul, forming part of the company’s ongoing plans to grow the Aston Martin dealership network in new and developing markets."

More:Aston Martin enters Turkish market with first dealership in Istanbul | Aston Martin at AutoTalk

A special report on Turkey: The Davutoglu effect | The Economist

"The Davutoglu effect
All change for foreign policy

Oct 21st 2010

TURKISH foreign policy used to be simple. Ever since Ataturk dragged the country into the modern world by driving out the sultan, adopting the Latin alphabet and abolishing the Muslim caliphate, the country has leant westwards. Since the second world war that has meant joining NATO (in 1952), backing the West against the Soviet Union and aspiring to join the European project. Like America, Turkey was also consistently pro-Israel. "

More:A special report on Turkey: The Davutoglu effect | The Economist

A special report on Turkey: Doing it by the book | The Economist

"Doing it by the book
The economy has had a big boost from much sounder management

Oct 21st 2010

CONTRARY to popular belief, countries do learn from financial crises. After a wretched 1990s Turkey suffered an economic meltdown in 2000-01. GDP shrank by almost 6%, the lira collapsed, most of the banks had to be rescued and the IMF was called in (again). Since the cost of rescuing the banks amounted to almost one-third of GDP, the public debt shot up from around 38% to 74% of national income. The experience was painful, but at least it left Turkey better prepared than other countries when the next crisis struck seven years later."

More:A special report on Turkey: Doing it by the book | The Economist

US plays 'genocide' card to pressure Turkey on NATO missile system

"US plays 'genocide' card to pressure Turkey on NATO missile system

With already-troubled Turkey-U.S. ties further challenged by NATO plans for a missile defense system, Washington is now attempting to use one of the touchiest issues in the two countries’ relationship to gain Turkish cooperation."

More:US plays 'genocide' card to pressure Turkey on NATO missile system - Hurriyet Daily News and Economic Review

Iceland Review Online: Daily News from Iceland, Current Affairs, Business, Politics, Sports, Culture

"Icelandic Couple Dies in Car Crash in Turkey

death-announcementsA young Icelandic couple who were traveling in Mugla, southwest Turkey, died in a car accident yesterday. Their seven-month old child survived the accident unharmed and the Icelandic consul in Turkey is working on bringing the baby back to Iceland."

More:Iceland Review Online: Daily News from Iceland, Current Affairs, Business, Politics, Sports, Culture

UPDATE 1-Turkey to search for oil off north Cyprus | Energy & Oil | Reuters

"UPDATE 1-Turkey to search for oil off north Cyprus
Thu Oct 21, 2010 1:24pm GMT

ANKARA, Oct 21 (Reuters) - Turkey said on Thursday it will begin exploring for oil off the north of the ethnically-divided island of Cyprus, a move which could strain already slow-moving peace talks between the Greek and Turkish Cypriot communities."

More:UPDATE 1-Turkey to search for oil off north Cyprus | Energy & Oil | Reuters

Demand for TV shows inspires Turkish entrepreneurs

"Demand for TV shows inspires Turkish entrepreneurs

The increasing number of Turkish television and film dramas has led to a rise of new business opportunities and encouraged well-established entrepreneurs to launch previously unthinkable new investments."

More:Demand for TV shows inspires Turkish entrepreneurs - Hurriyet Daily News and Economic Review

AFP: Hagi set for return to Galatasaray: report

"Hagi set for return to Galatasaray: report

(AFP) – 4 hours ago

ISTANBUL — Romanian football great Gheorge Hagi is to replace Frank Rijkaard by taking up his old job as coach of Turkish league giants Galatasaray, reports said here Thursday.

Media reports said Hagi, who won the UEFA Cup as a player with Galatasaray in 2000 and coached the team in 2004-2005, had been contacted by club bosses and has agreed 'in principle' to a one and a half year deal."

More:AFP: Hagi set for return to Galatasaray: report

Turkey's Referendum: Revenge à la Turca? / ISN

"Turkey's Referendum
Portrait of Turkish Prime Minister Recep Tayyip Erdogan, courtesy of Serdar Kilic/flickr
Creative Commons - Attribution-Noncommercial 2.0 Generic Creative Commons - Attribution-Noncommercial 2.0 Generic

Turkish Prime Minister Recep Tayyip Erdogan

A recently approved referendum in Turkey paves the way for constitutional reform and further improvements in civil-military relations. But whether the political will exists to transform these changes into tangible democratic advancements remains to be seen. "

More:Turkey's Referendum: Revenge à la Turca? / ISN

Austrian OMV eyes majority in Turkish Petrol Ofisi | TradingMarkets.com

"Austrian OMV eyes majority in Turkish Petrol Ofisi
Posted on: Thu, 21 Oct 2010 02:50:48 EDT

Austrian energy group OMV (WBAG:OMV) said yesterday it is negotiating the acquisition of a 54.17% stake in Turkish oil refiner and supplier Petrol Ofisi AS (IST:PTOFS) from Dogan Holding (IST:DOHOL). The two companies were in talks also last year but did not manage to strike a deal."

More:Austrian OMV eyes majority in Turkish Petrol Ofisi | TradingMarkets.com

UPDATE 1-BBVA in talks on possible Garanti stake buy | Reuters

"UPDATE 1-BBVA in talks on possible Garanti stake buy

MADRID, Oct 21 (Reuters) - Spain's second-biggest bank BBVA (BBVA.MC) said on Thursday it was in talks over a possible deal to buy a stake in Turkey's Garanti Bank (GARAN.IS), but said it could not give details about the terms of any deal."

More:UPDATE 1-BBVA in talks on possible Garanti stake buy | Reuters

Hamburger Abendblatt: Turkey asks for German support over EU accession - FOCUS Information Agency

"Hamburger Abendblatt: Turkey asks for German support over EU accession
21 October 2010 | 09:45 | FOCUS News Agency
Home / Southeast Europe and Balkans
Berlin. On occasion of the visit of German President Christian Wulff, Turkey asks Germany insistently to support the country in the negotiations over the accession to the EU, German Hamburger Abendblatt writes. "

More:Hamburger Abendblatt: Turkey asks for German support over EU accession - FOCUS Information Agency

Turkish Lira Appreciates, Snapping Four Days of Decline, as Dollar Weakens - Bloomberg

"Turkish Lira Appreciates, Snapping Four Days of Decline, as Dollar Weakens
By Seda Sezer - Oct 20, 2010 4:30 AM ET

The Turkish lira strengthened, snapping a four-day decline, after the dollar weakened against the euro on speculation that the Federal Reserve will signal further credit-easing measures to support economic growth. "

More:Turkish Lira Appreciates, Snapping Four Days of Decline, as Dollar Weakens - Bloomberg