EU WARNED: Hunt says Brussels to suffer ‘TERRIBLE CONSEQUENCES’ in event of no deal

posted in: European Union, News

JEREMY Hunt warned the European Union that failing to secure a Brexit deal with Britain will have “terrible consequences for the European project” ahead of his maiden speech as Foreign Secretary. Jeremy Hunt warned the European Union they would risk facing “terrible … Read More

The reason Turkey’s economic collapse is so scary is that Iran, Russia, and Syria are waiting in the wings

Samantha Lee/Business Insider Lots of things are going wrong in Turkey at once, driven by the collapse of its currency, the lira. The West needs Turkey to be strong, as Turkey is a physical buffer between Europe and the war … Read More

Turkey’s Currency Crisis: What Happened, What’s Next, Why It Matters

posted in: European Union, News

Turkey’s political and economic crisis has sent its currency tumbling to a record low against the U.S. dollar Friday and unsettled investors amid fears that the contagion may spread from the small southern European economy into financial markets around the world. So … Read More

Euro slips after reports the ECB is concerned about exposure to Turkey

–The euro fell half a percent against the dollar after reports that the ECB officials are concerned about European banks’ exposure to Turkey. –Data from the Bank for International Settlements (BIS) showed that Spanish banks are due $83.3 billion by … Read More

Erdogan Warns Trump That Alliance Is at Risk as Tensions Climb

posted in: European Union, News

 Turkey may start ‘looking for new friends,’ Erdogan writes  Trump boosted U.S. sanctions amid rout in Turkish markets Donald Trump with Recep Tayyip Erdogan on July 11. Photographer: Marlene Awaad/Bloomberg Turkey’s President Recep Tayyip Erdogan warned the U.S. that its decades-long … Read More

Turkish lira in free-fall as Trump doubles metals tariffs

posted in: European Union, News

After US president hikes taxes, Turkish president encourages Turks to buy lira in two separate speeches as currency hits record lows. The value of the lira dropped as much as 20 percent on Friday (AFP) President Recep Tayyip Erdogan told … Read More

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