"Deutsche Bank's forecast on EU-Turkey relations and northern Iraq
The U.S. may tolerate a limited Turkish operation against the terrorist Kurdistan Workers' Party (PKK) in northern Iraq, especially if it takes the form of a brief campaign of airstrikes, said Deutsche Bank in its August analysis.
The Deutsche Bank Eurasia Group in an analysis on risks and forecasts for Turkey also concluded that the Turkish government is under pressure to step up a campaign against the terrorist Kurdistan Workers' Party (PKK), and the chance that the government might launch a cross-border operation against PKK bases in northern Iraq has increased because of an upsurge in violence by the terrorist group and mounting pressure from the opposition and the public. The absence of a U.S.-Iraqi crackdown on PKK terrorists also increases the risk, the bank said, warning that a large-scale unilateral Turkish cross-border operation in northern Iraq would put Turkey on a potential collision course with the U.S."
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