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AKP Spox Calls EU Out on Double Standards; Israel Relations a Ploy to Soften US Stance

TURKEY

LOCAL NEWS

  • AKP Spox says EU needs to establish more strategic relations with Turkey, while simultaneously accusing it of double standards on Terrorism and delivering weapons to terrorist groups - Ahval
  • Political Analyst says Turkey's ploy to boost relations with Israel is aimed at fostering support against expectations for a hard stance from the Biden Administration on Turkey.
  • Says Israel remains relatively skeptical of Turkey's sincerity - labelling it as calculated and cynical.
  • Ceasing its support for Hamas & verbal attacks on Israel would help relations, however. - Ahval
  • World Bank sees Fy20 GDP at +0.5% up from -3.8% exp in June, 2021 exp at 4.5%, down from 5% expected prior, 2022 sees 5% exp - Anadolu Agency
  • Local analyst warns of the possibility that CBRT Gov Agbal could be removed before the 2023 elections once he has achieved a firm enough economic recovery that Erdogan can resume rate cuts to boost his popularity - Ahval.
  • This is obviously a longer-term call and hard line stance to be taken with a pinch of salt, but interesting to see locals still wary of Erdogan's political ambitions over economic stability, despite positive reactions to Agbal's performance since taking office
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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