FrontPage Magazine | 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 ... Turkey's once-worldly aims falter, even close allies concerned Turkey purges hundreds more police over graft probe, media reports Turkey counters corruption probe with investigation into police |
Turkey says open to alternatives to Chinese missile defence system Reuters NATO member Turkey's decision last September to choose a $3.4 billion offer from the China Precision Machinery Import and Export Corp (CPMIEC) irked Ankara's Western allies as the Chinese company is under U.S. sanctions for violations of the Iran ... |
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 Krugman: Turkey's economic woes reflects global problem Krugman: Is the next global financial crisis on its way? |
Washington Post | Sochi Olympics give boost to Circassian identity in Turkey Al-Monitor ISTANBUL — The upcoming Olympic Winter Games in the southern Russian resort of Sochi have invigorated a movement of ethnic Circassians across the Black Sea in Turkey. Activists say their campaign against the Games, which kick off on Feb. Circassians angered by choice of Sochi for Winter Olympics |
Haaretz | Israel offers Turkey $20m in compensation over Gaza flotilla raid Haaretz Israel has offered Turkey $20 million in compensation for the families of the nine Turkish nationals killed and to those wounded during the 2010 Israel Defense Forces raid on the Mavi Marmara, Western diplomats told Haaretz. The diplomats, who were ... Israel, Turkey 'close' to compensation deal |
Sydney Morning Herald | Reyhanli: medical base for Syrian mujahedeen in Turkey Al-Monitor Karaca: Turkey deserves praise for the load it is carrying all by itself. But keeping the camps off-limits generates questions about what is happening inside them. When you add the media reports of “giving combat training to opposition” in the camps ... QRC to distribute $10m aid for Syrian refugees QRC lends helping hand to Syrian refugees |
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 ... Turkey's Central Bank Aggressively Raises Rates Investors left guessing as Turkey rules out capital controls Turkey: What's going on and why you should care |
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 ... |
Turkey in Crisis: Why Raising Interest Rates Could Save Emerging Markets Motley Fool Stock markets around the world have been volatile, as crises in emerging-market countries like Turkey and Argentina have raised global concerns. Yet Turkey took the extraordinary step of raising interest rates. Will doing so reverse the plunge in the ... |
Bloomberg | Turkey Rate Increase Stems Lira Decline as Basci Defies Erdogan Bloomberg “The immediate knee-jerk reaction last night was that the Central Bank of Turkey had in some sense passed an important test,” David Simmonds, the head of currency and emerging-markets strategy at Royal Bank of Scotland Group Plc in London, said in an ... |