Ankara’s regional policy in tatters

TURKEY - In Brief 04 Jul 2013 by Atilla Yesilada
AKP was quick to condemn the Egypt coup, and even seem to encourage the supporters of Moslem Brotherhood to resist. This may be understandable from a moral perspective, but is very likely to result in the loss of Egypt’s alliance to AKP. The coup is major blow to the Sunni Axis. According to state minister Besir Atalay, the government will unveil a reform package targeting Alevites and Kurds, details very sketchy.  By the way, a court over-turned the re-construction of Gezi Parki, sparing AKP an embarrassing loss in a potential referendum. Are pro-Gezi Parki holding companies being punished?  Dogus Holding unexpectedly pulled out of the tender for the reconstruction of Golden Horn Shipyards, while “after complaints” an inquiry was launched in the tender of military vessels, worth Euro1.5 billion, formerly awarded to Koc Holding. Markets restless, bond yields moving up in thin trade, CBT inflation report fails to acknowledge risks.  Cosmo remains very scared of a second panic attack in GEM.  Fundamentals are weak, money is fleeing and unrest may spread further. So there...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.