AKP Spox Slams Greek Provocations; CBRT Tweaks TRY Reserve Requirements

LOCAL NEWS

• AKP Spox slams Greek harassment of Turkish research vessel yesterday after four jets came within 1000m before letting off a chaffing round (flare typically used for defensive maneuvers) within 2.3 miles of the vessel.
  • AKP Spox said this is no doubt a provocative action and that Turkey wishes to keep diplomatic channels open, meet and negotiate. Notes Greece continues to escalate unprovoked by Turkey
• CBRT raises reserve requirements 2% on TRY liabilities. Ratio for deposits & participation funds with maturities of 3m or less raised to 8%, 6% for up to 6m, 4% for up to 1Y and 3% for more than 1Y
• US urges Turkey not to go ahead with S400 delivery. US says Turkey had multiple opportunities to buy Patriot system and there has been no change on Turkey's status in the F-35 programme
• Blue Homeland architect (former Turkish Naval Chief of Staff) says Greece continues to expand into Turkish territory with "help from Great powers."
  • Says Turkey doesn't see Greece as a threat, but calls for a number of islands to be demilitarised