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Friday, September 21, 2018

Brussels Edition: Turkish Thaw - Bloomberg

Brussels Edition: Turkish Thaw
By Viktoria Dendrinou
and Tony Czuczka
September 21, 2018, 7:26 AM GMT+2

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.

The European Union’s relations with Turkey have been at rock bottom for over a year, but the realpolitik of dealing with Donald Trump has encouraged both sides to build bridges. Even with no money on the table to help a Turkish economy ravaged by double-digit inflation, the thaw may continue today as two top German cabinet members host Turkish Finance Minister Berat Albayrak in Berlin, a prelude to Angela Merkel welcoming Turkish President Recep Tayyip Erdogan next week. The rapprochement is important: The EU needs the refugee deal with Turkey to hold, while concerns about the spillover of an economic crisis loom large.

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