Ties between Turkey and America are near breaking point
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 Turkey to “reassess” its host 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 from 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 espionage and conspiracy charges. (About 50,000 people have been arrested on similar charges over the past year.) The bulk of the evidence…Continue reading
Source: Europe Economic News