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Draghi Describes Erdogan as a Dictator; Experts Call for Tighter Covid Restrictions

TURKEY

LOCAL NEWS

  • Turkey summons Italian envoy after Italian PM Draghi describes Erdogan as "dictator we need to cooperate with" in reference to the "humiliation" suffered by EU's Von der Leyen when she was not provided with a seat in Wednesday's meeting in what has now become known at "SofaGate".
    • Insults to Erdogan may serve to fray tensions with the EU somewhat if tit-for-tat comments escalate in the coming days
  • Experts call for emergency steps and tighter restrictions as Covid cases reach record high (54,750 yesterday) with some even suggesting a full lockdown over Ramadan as some speculate weekend lockdowns may not be sufficient.
    • Extensions of the 10-day traveller isolation period has also been called for
  • EBRD highlights concerns RE financial stability after CBRT shake-up.
    • Notes CBRT credibility has been badly damaged by staff turnover rate, policy should focus on inflation and next steps will be crucial for the CBRT & economy
  • 10 ex-Admirals involved in the Montreaux Convention declaration arrests will remain in police custody as, due to their advanced age, their statements have yet to be completed. Erdogan says their actions are akin to plotting a coup
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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