Some Turkish Banks Are Now Literally Giving Out Free Money – BNN Bloomberg

Asli Kandemir and Beril Akman, Bloomberg News The cost of commercial loans in Turkey fell below the interest rates on lira deposits for the first time since 2019, as the world’s most aggressive easing cycle and new regulations make loans for businesses cheaper. Nice Credit If You Can Get It in Turkey’s Micromanaged Economy The […]

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The Man Behind Erdogan’s Worst Spat With the West: QuickTake – BNN Bloomberg

(Bloomberg) — Recep Tayyip Erdogan is leading Turkey toward the biggest showdown with key Western allies since the Turkish president assumed power two decades ago. At the heart of the row is a joint call by ambassadors from 10 countries — including the U.S. and Germany — on Turkey to free Osman Kavala, which Erdogan

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International Law Can’t Solve the Greco-Turkish Island Problem – Bloomberg

One idea I like is to use Europe’s own experience after World War II as inspiration. In the 1950s, old enemies France and Germany placed coal and steel — the industries of warfare — under a joint authority that guaranteed shared access and benefits. Out of this “Schuman plan” grew what is today the EU. And what coal and steel were then, oil and gas are now.

Something similar could work in the eastern Mediterranean, if only its ancient enemies could also rise above their feuding and grasp their responsibility to prevent war. With luck, Europe will transition from brown to green energy fast enough so that nobody will even need all that dirty stuff under the sparkling blue sea anyway.

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Greece, U.S. Agree Sea Borders Must Be Set by International Law – Bloomberg

(Bloomberg) — U.S. Secretary of State Michael R. Pompeo and his Greek counterpart Nikolaos Dendias reaffirmed their countries’ position that maritime borders should be settled peacefully and in accordance with international law, as Athens prepares for a new round of talks with Turkey on territorial disputes. The U.S. welcomes Greece’s readiness to engage with other

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Turkey Slams U.S. Decision to Ease Its Arms Embargo on Cyprus – Bloomberg

Turkey condemned the U.S. for easing a decades-old arms embargo on Cyprus, saying the move could fuel already heightened tensions over territorial disputes in the energy-rich eastern Mediterranean. The Foreign Ministry urged Washington to reverse course, saying the decision “poisoned the atmosphere of peace and stability in the region and violated the spirit of the

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Turkey Criticizes Ex-Trump Aide Bolton for ‘Manipulative’ Memoir

Turkey accused former U.S. National Security Adviser John Bolton of misrepresenting President Donald Trump’s conversations with Turkish leader Recep Tayyip Erdogan in his recently published memoir. The book “includes misleading, one-sided and manipulative presentations of our leader President Erdogan’s conversations with the US President Donald Trump,” Erdogan’s communications director Fahrettin Altun said in a Twitter

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