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Jul 29, 2013

Lira stability key as Turkish central bank enters tightening cycle

ISTANBUL, July 29 (Reuters) – A need to defend the lira to
fight inflation and to protect the balance sheets of a private
sector with high levels of foreign borrowing means Turkey’s
central bank is likely to be in a tightening cycle for the
foreseeable future.

Many economists expect the bank to raise its year-end
inflation forecast of 5.3 percent when it releases its latest
quarterly inflation report on Tuesday.

Jul 21, 2013

Erdogan puts Turkish policymakers in dilemma

ISTANBUL (Reuters) – With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place.

Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown.

Jul 21, 2013

Analysis: Erdogan puts Turkish policymakers in dilemma

ISTANBUL (Reuters) – With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place.

Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown.

Jul 21, 2013

ANALYSIS=Erdogan puts Turkish policymakers in dilemma

ISTANBUL, July 21 (Reuters) – With a powerful prime minister
bent on pumping up growth ahead of elections but a sliding
currency and rising borrowing costs, Turkish policymakers are
caught between a rock and a hard place.

Rattled by weeks of anti-government protests and with a
peace initiative for Kurdish militants looking increasingly
fragile, the last thing Prime Minister Tayyip Erdogan needs with
an election cycle starting next year is an economic slowdown.

Jun 23, 2013

Turkish police break up protest, PM lambasts opponents

ISTANBUL (Reuters) – Turkish riot police fired water cannon to disperse thousands of anti-government demonstrators in Istanbul on Saturday, as Prime Minister Tayyip Erdogan castigated those behind protests he said had played into the hands of Turkey’s enemies.

The latest unrest in Taksim Square punctured six days of relative calm in Turkey’s biggest city, although it was a long way from matching the ferocity of previous clashes there and in other cities that began more than three weeks ago.

Jun 22, 2013

PM says protests serve Turkey’s enemies, crowd gathers in Istanbul

ISTANBUL (Reuters) – Turkish Prime Minister Tayyip Erdogan told thousands of supporters in the Black Sea city of Samsun on Saturday that weeks of often violent protests against his government had played into the hands of Turkey’s enemies.

As he finished speaking, around 10,000 protesters had gathered in Istanbul’s Taksim Square, many of them to attend a planned laying down of carnations in memory of the four people who had been killed in the unrest.

Jun 20, 2013

Turkey warns Germany as Berlin obstructs its EU path

ISTANBUL/BRUSSELS (Reuters) – Turkey warned German Chancellor Angela Merkel on Thursday not to play politics with its European Union ambitions as Berlin blocked moves to open a new chapter in Ankara’s EU membership talks next week.

Turkey said failure to open the chapter would be a major setback in Ankara’s relations with the bloc and one senior Turkish official said it would “draw a strong reaction”.

Jun 20, 2013

Turkey warns Germany not to play politics over EU entry talks

ISTANBUL/BRUSSELS (Reuters) – Turkey warned German Chancellor Angela Merkel on Thursday not to play politics with its European Union ambitions, and said failure to open a new chapter in accession talks next week would be a major setback in Ankara’s relations with the bloc.

Many EU capitals want to take the long-awaited step on Turkey’s path towards the EU next week, arguing Europe should capitalize on Ankara’s rising influence in the Middle East.

Jun 13, 2013

Turkey’s Erdogan says patience run out with protesters

ISTANBUL/ANKARA, June 13 (Reuters) – Turkish Prime Minister
Tayyip Erdogan said on Thursday his patience had run out after
almost two weeks of anti-government protests and gave a final
warning to those occupying a central Istanbul park to leave.

In a speech at a meeting of his Justice and Development (AK)
Party, Erdogan struck back at criticism from the European
Parliament over the ferocity of a police crackdown and accused
some international media of exaggerated reporting.

Jun 12, 2013

Turkish protesters party in square despite ruling party call

ISTANBUL/ANKARA, June 13 (Reuters) – Hundreds of
anti-government demonstrators chanted and sang in Istanbul’s
Taksim Square early on Thursday, defying an order to end almost
two weeks of protests against Turkish Prime Minister Tayyip
Erdogan.

The deputy chairman of Erdogan’s ruling AK Party, Huseyin
Celik, said late on Wednesday that the protesters should
withdraw from Gezi Park, a leafy corner of the square where they
have set up a ramshackle settlement of tents.

    • About Nick

      "Based in Lagos since early 2008, responsible for coverage of Africa's most populous nation. Previously based in Senegal for four years, covering West and Central Africa, and before that in Germany and Britain."
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