Relations between Turkey and America are near breaking point

TWO weeks after Donald Trump declared they were as good as ever, America’s relations with Turkey have sunk to their lowest point in over four decades. On October 8th the American embassy in Ankara announced it was suspending visa services across the country to “reassess” the Turkish government’s commitment to the security of its diplomatic facilities and staff members. Within hours, Turkey countered by saying it would no longer accept visa applications by American citizens. (About 450,000 Americans visited Turkey last year.)

The Turkish lira plummeted as much as 6.6% against the dollar on the news, the biggest drop since the abortive coup of July 2016. Turkish Airlines, the country’s national carrier, saw its shares fall by 8%.

The spark that lit the powder keg came on October 4th, when police in Istanbul arrested Metin Topuz, a Turkish member of staff at the American consulate, on charges relating to the coup and to espionage. (A total of about 50,000…Continue reading
Source: Europe Economic News

Relations between Turkey and America are near breaking point

TWO weeks after Donald Trump declared they were as good as ever, America’s relations with Turkey have sunk to their lowest point in over four decades. On October 8th the American embassy in Ankara announced it was suspending visa services across the country to “reassess” the Turkish government’s commitment to the security of its diplomatic facilities and staff members. Within hours, Turkey countered by saying it would no longer accept visa applications by American citizens. (About 450,000 Americans visited Turkey last year.)

The Turkish lira plummeted as much as 6.6% against the dollar on the news, the biggest drop since the abortive coup of July 2016. Turkish Airlines, the country’s national carrier, saw its shares fall by 8%.

The spark that lit the powder keg came on October 4th, when police in Istanbul arrested Metin Topuz, a Turkish member of staff at the American consulate, on charges relating to the coup and to espionage. (A total of about 50,000…Continue reading
Source: Europe Economic News