A Leader Shows Vulnerability in Turkey's Cash Crisis New York Times ISTANBUL — First, Prime Minister Recep Tayyip Erdogan criticized the bold move by Turkey's central bank this week to raise interest rates sharply to halt the decline in the country's currency, telling reporters that higher borrowing costs would lead ... |
Madness on the Bosphorus The Economist He says their plans to destroy his government and Turkey are being carried out by disciples of his former ally and “bogus prophet”, Fethullah Gulen, a Pennsylvania-based Sunni Muslim cleric, who are embedded in the judiciary and the police. But to many ... |
Financial Post | Talking Troubled Turkey New York Times O.K., who ordered that? With everything else going on, the last thing we needed was a new economic crisis in a country already racked by political turmoil. True, the direct global spillovers from Turkey, with its Los Angeles-sized economy, won't be large. OPINION: A Turkey that is in fact a canary for the Middle East After rate hike, relief turns to anxiety for Turkey's SMEs |
Emerging markets beyond Turkey face stormy skies Financial Times The decision late on Tuesday night by the Central Bank of Turkey to increase interest rates substantially has taken many observers by surprise. Yet there was no other way to stem the decline in the currency and alleviate the threat of a damaging exodus ... Turkey? Argentina? Save your worry for China Investing In Mexico Is Not Like Investing In Turkey Central bank action alone may not be enough to heal India, Turkey |
Forbes | The Limits Of Turkey's Interest Rate Hike Forbes With a dramatic hike in Turkey's overnight lending rate from 7.75 to 12.5 percent announced on Jan. 28, Turkish Central Bank Governor Erdem Basci followed through on his earlier promise to use interest rates as a weapon to defend Turkey's currency, the ... Investors left guessing as Turkey rules out capital controls Turkey Rate Increase Stems Lira Decline as Basci Defies Erdogan Turkey's Central Bank Aggressively Raises Rates |
TheTower.org | Hollande visit lost in Turkey's political muddle Al-Monitor Turkey's incredibly loaded agenda and hard-to-close rifts with France did not allow relations to develop during Hollande's stay. His joint press conference Jan. 27 with President Abdullah Gul and his contacts the next day in Istanbul signaled that the ... Turkey purges hundreds more police over graft probe, media reports Economic Turbulence Chips at Support for Turkish Premier Turkey Political Warfare Continues, New Purge Sees 800 Turkish Police Officers ... |
Christian Science Monitor | Turkey wakes up to blowback threat from Al Qaeda-linked fighters in Syria Christian Science Monitor Turkey fired tank and artillery shells on a convoy of the Islamic State of Iraq and the Levant (ISIS), destroying a bus and two trucks, in response to small-arms fire on a Turkish border post on Tuesday, according to state-run Anadolu news agency ... Israeli Intel Chief: New Al Qaeda bases in Turkey provide easy jihadist access ... Israeli general says al Qaeda's Syria fighters set up in Turkey Jihadists train in Turkey to attack West |
Hurriyet Daily News | White Turkey for White Turks Hurriyet Daily News I'm so tired of how we are governed, the people who rule us, the inferiority and the nonstop pathetic nonsense all around us that I want to start a dream country. It will be called White Turkey… (Like Belarus that used to be called White Russia.) This ... |
How Does Turkey Look From the US? Huffington Post "What does Turkey look like from abroad?" is the most common question I've been hearing recently when I contact someone in Turkey. What can I say? Since last May, Turkey's image in the U.S. has noticeably been going somewhere we don't want to know. No US interference in Turkey's internal affairs, says White House official |
Hurriyet Daily News | Turkey's lira eases to levels before rate hike Reuters The central bank raised interest rates by around 500 basis points at an emergency meeting on Tuesday despite government's opposition, stunning markets and causing a spike in the battered currency. Turkey's lira was trading at 2.2725 against the dollar ... Turkey's rate hikes threaten growth: Moody's Turkey's rate hike increases concern over financial stability |