Turkey Archive

What is the U.S. up to in the Middle East? How does the granular reality of developments as seen from the region square with Washington’s strategic assessment? Last week, a senior Biden administration official offered some answers to those questions in a briefing for journalists on the White House’s plan for a realistic, downsized Middle East policy. (Though the official remained anonymous, it sounds an awful lot like Brett McGurk ). Whether or not this plan will work—and I’m not so sure that it will—the administration’s description of its own approach sounds accurate, and that’s a welcome change. It does away […]

High-level diplomacy has intensified among competing Middle East regional powers, a flurry of bilateral talks that increasingly suggests what a “Plan B” would look like if, as seems likely, the U.S. and Iran fail to revive the deal that briefly constrained Tehran’s nuclear program. The pace of contacts and meetings between the region’s prime movers has stepped up a notch in recent weeks, in a tangible sign that governments in the Middle East are responding to what they see as a clear downsizing of Washington’s role in the region. The most visible example of this adjustment was a meeting that […]

It’s never a good sign for a country’s leader when fluctuations in the value of the national currency become a dominant concern for everyday people. That is the case today in Turkey, where President Recep Tayyip Erdogan is taking a huge gamble with his monetary policy, setting a controversial interest rate policy that runs contrary to firmly established economic theory and has caused the local currency, the lira, to nosedive. Slashing the value of savings, spooking investors and further fueling inflation, the policy is already causing significant hardships for the Turkish people, who polls show have lost faith in the […]