Monday, May 30, 2005

Bloomberg.com: Europe:Turkish Lira Falls; French `No' Vote May Delay EU Accession

"Turkish Lira Falls; French `No' Vote May Delay EU Accession
May 30 (Bloomberg) -- Turkey's lira fell on concern the country's application to join the European Union may be jeopardized by France's rejection of the EU constitution in a referendum yesterday.
The currency fell 0.6 percent to 1.378 per dollar by 8.21 a.m. in Istanbul. The lira has dropped 7 percent in the past three months on concern a French `no' vote and opposition from other EU members including Germany may delay the start of Turkey's EU membership talks, due in October. "

More:Bloomberg.com: Europe