Free Trial
US TSYS

What Recession?

US TSYS

Eurodollar/SOFR/ Tsy Options Roundup

PIPELINE

Corporate Issuance Over $60B/Wk

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Biden And Erdogan Hold Talks Following NATO Summit

NATO

US President Joe Biden and Turkish President Recep Erdogan have completed a bilateral meeting following the second session of the NATO summit in Madrid.

  • The meeting included US Secretary of State Antony Blinken and Secretary of Defence Lloyd Austin and lasted 1 hour and 15 minutes.
  • Biden said to Erdogan: "I want to particularly thank you for what you did putting together the situation with regard to Finland and Sweden, and all the incredible work you're doing to try to get the grain out of Ukraine and Russia. I mean, you're doing a great job."
  • Erdogan: "I hope and pray that we will be able to establish a balance to diplomacy in order to cultivate positive results, especially with regards to the grain."
  • One of the key stories today was Turkey's acquiescence to the NATO bids of Sweden and Finland. Finnish President Sauli Niinistö told reporters earlier than he had not granted concessions to Erdogan in order to facilitate dropping the veto.
  • Terri Schultz of NPR: ""Finnish President Sauli Niinistö says nothing changed" in Finland's policies/approach to Turkey's requests yesterday in order to secure Ankara's.This includes extraditions & classification of the YPG/FETO."
  • The New York Times suggested this morning that concessions on a new F-16 fleet may have helped push the deal through: "Senior American officials had said just hours earlier that President Biden did not bargain with Turkey in exchange for its support for expanding NATO...[but later said] “The U.S. Department of Defense fully supports Turkey’s modernization plans for its F-16 fleet.”
250 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

US President Joe Biden and Turkish President Recep Erdogan have completed a bilateral meeting following the second session of the NATO summit in Madrid.

  • The meeting included US Secretary of State Antony Blinken and Secretary of Defence Lloyd Austin and lasted 1 hour and 15 minutes.
  • Biden said to Erdogan: "I want to particularly thank you for what you did putting together the situation with regard to Finland and Sweden, and all the incredible work you're doing to try to get the grain out of Ukraine and Russia. I mean, you're doing a great job."
  • Erdogan: "I hope and pray that we will be able to establish a balance to diplomacy in order to cultivate positive results, especially with regards to the grain."
  • One of the key stories today was Turkey's acquiescence to the NATO bids of Sweden and Finland. Finnish President Sauli Niinistö told reporters earlier than he had not granted concessions to Erdogan in order to facilitate dropping the veto.
  • Terri Schultz of NPR: ""Finnish President Sauli Niinistö says nothing changed" in Finland's policies/approach to Turkey's requests yesterday in order to secure Ankara's.This includes extraditions & classification of the YPG/FETO."
  • The New York Times suggested this morning that concessions on a new F-16 fleet may have helped push the deal through: "Senior American officials had said just hours earlier that President Biden did not bargain with Turkey in exchange for its support for expanding NATO...[but later said] “The U.S. Department of Defense fully supports Turkey’s modernization plans for its F-16 fleet.”