EGF Turkey File, July — August, 2018

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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?
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