What the Erdogan government must do if it wants to avoid a “cold Turkey” economic shock.
The tools President Donald Trump uses to build his electoral base and to keep it intact are borrowed from Nigerian scammers.
The rot needs to stop if public trust in government, already at a low, is to be restored. But the prospects for constructive reforms are poor.
It may take a further rise in Italian bond yields to remind the populist government’s leaders in Rome that their room for maneuver to operate with more debt is very limited.
A deep Turkish recession could lead to more migrants leaving Turkey for the EU. Currently more than three million Syrian refugees are living in Turkey.
If Trump has his way, the liberal market economy of the post-war period is ending. The Trump world proudly and unapologetically embraces mercantilism.
Additional designations of Erdogan’s cronies would hurt the Turkish strongman’s warchest.
Multiple diplomatic spats raise questions about Saudi concept of sovereignty and its human rights obligations internationally.
The convergence of Russian-Turkish interests is likely only of a temporary nature.