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

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

Turkey sacks 18,500 state employees over alleged ‘terror’ links

posted in: European Union, News

More than 8,998 police officers and 3,077 army soldiers among public employees dismissed by emergency decree. Some 18,632 people have been sacked, including 8,998 police officers, 3,077 army soldiers [Burak Kara/Getty Image] Turkish authorities have ordered the dismissal of more … Read More

Recep Tayyip Erdogan: The sultan of 21st-century Turkey

posted in: European Union, News

Turkey’s new presidential system will officially enter into force on Monday. That will give President Recep Tayyip Erdogan powers that no democratically elected leader of Turkey has ever had. On July 9, President Recep Tayyip Erdogan will take his oath of office … Read More

Khamenei: Iran won’t uphold nuke deal without ‘solid’ European guarantees

posted in: Middle East, News

A handout picture provided by the office of Iran’s supreme leader on April 30, 2018, shows Ayatollah Ali Khamenei waving to a crowd on Labour Day HO (Iranian Supreme Leader’s Website/AFP) The reactions to Trump’s withdrawal from the nuclear deal … Read More

Erdogan accuses Israel of ‘inhumane attack’ in Gaza

posted in: Israel, News

Turkish leader says he implored US President Trump to intervene to halt violence on Gaza security fence. Turkish President and leader of the Justice and Development Party (AK Party) Recep Tayyip Erdogan gestures as he delivers a speech during the … Read More

Turkey and the U.S. used to be close allies. Today, they can’t even agree on a phone call

posted in: Middle East, News

Turkish army tanks are stationed in a field near the Syrian border at Hassa, in Hatay province, on Jan. 25, 2018, as part of a military offensive dubbed “Operation Olive Branch.” (Ozan Kose / AFP/Getty Images)   Since the start … Read More

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