Turkey

By Gary M. Grossman | – Turkish President Recep Tayyip Erdoğan is presiding over the damaging loss of value of the Turkish currency, the lira, against foreign currencies. It’s the most severe economic crisis the country has faced since he assumed power. Erdoğan has been the dominant figure in Turkish politics for almost two decades. […]

By Can Erbil and Umit Ozlale | – If you happen to be a tourist in Turkey right now, consider yourself lucky. Otherwise, things look grim. The Turkish lira has lost as much as a third of its value relative to the U.S. dollar in less than a month and recently hit a record low. […]

By Clemens Hoffmann and Can Cemgil | – Stirling (The Conversation) – Turkey’s recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an “economic war” and a “currency plot”. On the surface, this looks like a reaction to US president […]

Istanbul (AFP) – President Recep Tayyip Erdogan on Tuesday said Turkey would boycott US electronic goods in retaliation for punitive sanctions by Washington against Ankara over the detention of an American pastor. “We will boycott US electronic goods,” Erdogan said in a televised speech, raising the stakes in a spat that has seen the Turkish […]

Ankara (AFP) – President Recep Tayyip Erdogan warned the US in comments published Sunday that sanctions would not force Ankara to “step back” after Donald Trump threatened to punish Turkey if a US pastor was not freed. “You cannot make Turkey take a step back with sanctions,” Erdogan said in his first comments since relations […]