We should look at Turkey's economic implosion as a cautionary tale.
"Turkey is already up against the wall, deep in a currency/debt crisis, and all the US is offering is a doubling of sanctions and more insults. One has to imagine that Putin can come up with a far more appealing deal for Erdogan"
Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey under President Recep Tayyip Erdo?an, potentially deepening an already fragile financial situation. Turkey's lira has
With Turkish capital markets closed for a week-long holiday, traders expected last week's Turkish Lira fireworks to remain subdued.
As Turkey braces for a fresh round of US sanctions amid a plummeting lira and what Turkish President Recep Tayyip Erdo?an says is "economic warfare" with Washington over the detention of US pastor Andrew Brunson, millions of refugees - primarily fro
Was it Turkey's "executive presidency" and its unwillingness to hike rates in the face of soaring inflation? Or maybe the record global debt accumulated over the past decade?
The Lira and Turkish stocks are sliding notably after Treasury Secretary Steven Mnuchin warned that Washington is preparing more sanctions for Turkey due to the lack of progress on the release of Pastor Brunson.
Trump - Since taking office, Trump regime relations with EU countries, Russia, China, Iran, Venezuela, Canada, Mexico, and Turkey deteriorated - along with alienating Palestinians more than his predecessors.
President Erdogan of Turkey often asserts that 'foreign powers' (meaning the U.S.) want to bring him down. He says that the 'interest lobby' (meaning (Jewish) bankers), wants to damage Turkey. He is somewhat right on both points.
The Turkish Lira crisis is fundamentally different than the Russian Ruble crisis of 2014/15. This one has contagion risk.
The Turkish lira added to its steep losses on Friday, hitting a record low after President Donald Trump announced he was doubling metals tariffs on Turkey.
The Turkish Lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
Throughout July, many sell-side analysts saw the 'stability' in EM assets as a sign that the worst was over and urged investors to pile back in to take advantage of 'blood on the streets' in EM at these cheap levels.
In this breaking news report, Newsbud's Founder & Editor Sibel Edmonds translates for the first time bombshell reports breaking in the Turkish press about the American pastor, Andrew Brunson, being detained in Turkey. Edmonds destroys the western med
Erdogan wants to add a T to BRICS. BRICTS or TRICS?
There is nothing more frustrating in American politics than discussing Israel. Nothing. It is difficult to maintain a balanced view of the situation when many people are ready to lynch you for putting a word wrong in relation to 'our greatest all
Turkey plans to keep purchasing Iranian oil in defiance of American sanctions on the rogue regime, according to the NATO ally's top diplomat.
Defying the Trump administration, Turkey said it would ignore the State Department's call on US allies to stop importing Iranian crude oil by November 4, when the latest sanctions against Iran are set to kick in.
The US will not let go of Turkey, aware that Russia and Iran are waiting to receive Ankara with open arms. That means Kurds will be sacrificed
No less than Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, Serbian President Aleksandar Vucic, Ukrainian President Petro Poroshenko and Turkish Cypriot President Mustafa Akinci attended a gathering in Central Turkey on 1
Tayyip Erdogan and his ruling AK Party took a comfortable lead in Turkey's presidential and parliamentary elections on Sunday, according to preliminary partial results, boosting the president's hopes of extending his 15-year rule.
Recep Tayyip Erdogan sat in stony silence as he listened to the complaints of his citizens.
As Turks prepare to head to the polls Sunday in a snap election called by incumbent President Recep Tayyip Erdogan, Foreign Policy has published what is essentially a summary blueprint outlining the ways Erdogan could steal the election, noting "Sund
Turkish President Recep Tayyip Erdogan attacked Austria's impending closure of mosques and consequent expulsion of Turkish-funded imams, saying the move is anti-Islamic while promising a response.
Turkey's economy has been in a tailspin with an inflationary currency, but the country is attempting to use something rare to help stabilise itself: gold.
After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago
Given Turkey's inhospitable treatment of non-Muslims throughout the ages, it is the height of hypocrisy for its foreign minister to complain about Europe's attitude towards Muslims, which has been the opposite of Islamophobic.
The Turkish government has made the decision to repatriate all of its gold reserves that are currently housed in the US Federal Reserve System (FRS). Overall Turkey was storing 220 tonnes, valued at $25.3 billion, in the US, which it repossessed on A