For much of the past 15 years, Turkey had been one of the world’s fastest-growing economies. The “Turkish miracle” earned plaudits from the global financial elite, drew billions of dollars of investment into the country, and helped the political fortunes of its powerful Islamist leader, the prime minister-turned-president, Recep Tayyip Erdogan, who is now eyeing even more authority in snap elections next month. But those halcyon days of the Turkish miracle are gone. Over the past year alone, the Turkish lira has lost over 10 percent of its value against the dollar, and this week Turkey’s credit rating was lowered [...]
Turkey
One of the more intriguing aspects of the enormously complicated war in Syria is the position of Turkish President Recep Tayyip Erdogan, whose allegiance and convictions appear to shift with developments on the ground. Two weeks ago, Erdogan hosted a summit meeting in Ankara to discuss Syria’s future. For a photo-op, he literally joined hands with the presidents of Russia and Iran, the main backers of Syrian President Bashar al-Assad, whom Erdogan not long ago was still condemning as a “terrorist” and the roadblock to peace in Syria. It was a gesture, it seemed, that Moscow, Tehran and Ankara now [...]
Earlier this month, after Israeli soldiers killed 17 Palestinians during protests near Gaza’s border with Israel, Turkish President Recep Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu engaged in a war of words. Erdogan called Netanyahu a “terrorist,” while the Israeli leader responded on Twitter by saying he would not be lectured to by someone who has been “bombing civilians indiscriminately for years” in Syria. The public spat has threatened to undo a rapprochement agreement between Turkey and Israel signed in late 2016. Nearly six years ago, diplomatic ties were severed following Israel’s attack on a Turkish-flagged aid flotilla heading [...]