EGF Turkey File, July — August, 2018

Insights into Turkish Domestic and International Politics

July — August 2018

By Ben McPherson, EGF Turkey and Black Sea Regional Analyst

Key Points:

• President Erdoğan"s long-standing unconventional views on fiscal policy back in the spotlight as financial crisis develops
  • Key factors leading to the current crisis
• Washington-Ankara tensions come to a head with sanctions and tariffs
• President Erdoğan is cheered across the spectrum as he maintains a strongly nationalist posture
• Central bank makes small adjustments, as a diplomatic solution to the "Brunson affair" looks unlikely
• Ankara seeks new partners to stabilize its financial fortunes, but will it make diplomatic concessions?