July 2015 Foreign Policy Three Turkish soldiers killed as PKK steps up attacks after air strikes US begins armed drone flights from Turkey Islamic State Woos Kurdish Attackers in Turkey The flow of jihadists into Syria dries up as Turkey cracks down on the border Kurdish militia in Syria accuses Turkey of 'provocative' attacks Iraq's Kurdistan laments caught in middle of Turkey-PKK fight Turkey Hits Kurdish Militants in Iraq in Largest Airstrike Yet U.S., Turkey weigh which Syrian rebels to support in border area U.S.-Turkey deal aims to create de facto ‘safe zone’ in northwest Syria Turkish raids on ISIL, PKK ‘changed the regional game:’ PM ISIS exists because world ignored al-Assad in Syria, Turkish leader say Ministry of Foreign Affairs Press Release Concerning Turkey-US Understanding on Countering DAESH Turkey to Allow Use of Key Air Base for U.S. Warplanes to Bomb ISIS Turkey Calls for NATO Meeting to Discuss Security Threats Turkey has not asked for NATO military help: chief Drones and ditches as Turkey tightens border after Islamic State bombing ‘United Cyprus Federation’ under discussion: Turkish Cypriot leader Akıncı White House condemns 'heinous terror attack' in southern Turkey Ankara pledges to train Iraqi police in Turkey Turkish FM welcomes nuke deal but calls on Iran to revise regional policies Turkish President Erdoğan to visit Cyprus amid new talks Turkey detains almost 800 trying to cross illegally from Syria, army says Turkey to build new refugee camp for 55,000 Syrians US congressional delegation holds talks with Turkish PM, FM Turkey Uneasy as U.S. Support of Syrian Kurds Grows US rules out northern Syria buffer zone Domestic Politics Turkey’s top business body calls on parties to form coalition AKP, CHP coalition talks at key phase, leaders expected to meet this week Davutoğlu genuine but Erdoğan blocking coalition government: CHP It’s never late to call for peace: Demirtaş Turkey's Supreme Military Council convenes for promotions and retirements Turkish parliament to convene for extraordinary meeting over ISIL, PKK MHP calls on supreme prosecutor to act against HDP Gov’t informs opposition parties about cross-border operations, excludes HDP Hundreds detained in fresh wave of operations against ISIL, PKK HDP accuses gov’t of ‘dragging Turkey into civil war’ Turkey Calls Deadly Blast at Suruc, Near Syria, a Terrorist Attack Turkish PM Says Nationalists Plan to Stay Out of Government Turkey's ruling AKP vows to lower 10 percent election threshold Turkish top court annuls Erdoğan-backed closure of tutoring schools AKP, CHP agree on need for strong gov’t Turkish PM: Speaker election won’t change composition of CHP, MHP coalition talks Turkey names defense minister amid rising Syria border tension Economy & Energy EBRD Sees Record Turkey Equity Investment in Year of Uncertainty Slowing Turkey Inflation May Be Temporary as Food Set to Surge Russia's Putin, Turkey's Erdogan to discuss TurkStream this autumn: Kremlin Turkey Central Bank to Consider Shift to Single-Rate Policy Turkish President Aims to Boost Ties With China Russia won’t delay signing gas discount: Energy Minister Turkey may revise economic targets once government is formed: Minister Turkey Holds Rates Steady As Political Risks Pressure Lira Early election in Turkey would prolong economic risk: finance minister Iran accord to ‘fuel up’ Turkey’s energy sector Will the Greek disease infect Turkey? Turkish Economy Hit by Greek Crisis Political uncertainty threatens Turkey's economy as World Bank cuts forecasts Turkey’s exports decrease by 8 pct in first half of 2015 due to forex changes, geopolitical risks: Association Turkey cannot grow further upon existing model: MIT economist Foreign Policy Three Turkish soldiers killed as PKK steps up attacks after air strikes Kurdish militias carried out a suicide attack on a military police station in eastern Turkey on Sunday, killing two soldiers and wounding 31 others, the local authorities said. Reuters, Three Turkish soldiers killed as PKK steps up attacks after air strikes August 2, 2015 US begins armed drone flights from Turkey The Pentagon says the military for the first time conducted armed drone missions out of Turkey last weekend, and is planning to conduct manned aircraft flights from Incirlik Air Base. Associated Press, US begins armed drone flights from Turkey, August 3, 2015 Islamic State Woos Kurdish Attackers in Turkey Islamic State appears to be successfully wooing young Turkish Kurds, while their kinsmen in Iraq and Syria—for the most part—are taking up arms against Islamic State The Wall Street Journal, Islamic State Woos Kurdish Attackers in Turkey, August 2, 2015 The flow of jihadists into Syria dries up as Turkey cracks down on the border For years, Turkey’s porous border with Syria provided a lifeline for the Islamic State, allowing the group to ferry weapons and fighters to a war zone where it was building its brutal “caliphate”. But that is now changing. Washington Post, The flow of jihadists into Syria dries up as Turkey cracks down on the border, August 1, 2015 Kurdish militia in Syria accuses Turkey of 'provocative' attacks Kurdish militia fighting Islamic State in Syria accused Turkey on Saturday of targeting it at least four times in the past week, calling the attacks provocative and hostile. Reuters, Kurdish militia in Syria accuses Turkey of 'provocative' attacks, August 1, 2015 Iraq's Kurdistan laments caught in middle of Turkey-PKK fight Iraq's Kurdistan region is suffering the fallout as Turkey launches strikes against Kurdistan Workers Party (PKK) camps in northern Iraq, the region's top diplomat said on Friday, calling for both sides to return to a ceasefire. Reuters, Iraq's Kurdistan laments caught in middle of Turkey-PKK fight, July 31, 2015 Turkey Hits Kurdish Militants in Iraq in Largest Airstrike Yet Turkey’s renewed conflict with Kurdish militants intensified on Wednesday as the government launched a new wave of airstrikes in northern Iraq and a blast temporarily crippled a key oil pipeline in southeastern Turkey. The Wall Street Journal, Turkey Hits Kurdish Militants in Iraq in Largest Airstrike Yet, July 29, 2015 U.S., Turkey weigh which Syrian rebels to support in border area The United States and Turkey have not yet agreed which Syrian opposition fighters they will support in a joint effort to help clear Islamic State from an area along the Turkish border, officials said on Tuesday, underscoring uncertainty surrounding the campaign plan. Reuters, U.S., Turkey weigh which Syrian rebels to support in border area, July 28, 2015 U.S.-Turkey deal aims to create de facto ‘safe zone’ in northwest Syria Turkey and the United States have agreed on the outlines of a de facto “safe zone” along the TurkeySyria border under the terms of a deal that is expected to significantly increase the scope and pace of the U.S.-led air war against the Islamic State in northern Syria, according to U.S. and Turkish officials. Washington Post, U.S.-Turkey deal aims to create de facto ‘safe zone’ in northwest Syria, July 26, 2015 Turkish raids on ISIL, PKK ‘changed the regional game:’ PM Turkish Prime Minister Ahmet Davutoğlu said the military operations against Islamic State of Iraq and the Levant (ISIL) targets in Syria and the Kurdistan Workers’ Party (PKK) in Iraq on July 23 and 24 have “changed the regional game.” Hurriyet Daily News, Turkish raids on ISIL, PKK ‘changed the regional game:’ PM, July 26, 2015 ISIS exists because world ignored al-Assad in Syria, Turkish leader says ISIS' existence is the result of international inaction against the Bahsar al-Assad regime, Turkish Prime Minister Ahmet Davutoğlu told CNN's Christiane Amanpour on Monday. ISIS "is a product of a crisis, not only a cause of a problem," he said. CNN, ISIS exists because world ignored al-Assad in Syria, Turkish leader says, July 27, 2015 Ministry of Foreign Affairs Press Release Concerning Turkey-US Understanding on Countering DAESH The DAESH problem is a primary national security threat for Turkey. The dimensions of thus threat are constantly growing… Eliminating the threat posed by DAESH both within our borders as well as to our national security has been an important aspect of the joint operational work conducted between Turkey and US for some time now. Turkish Ministry of Foreign Affairs, Press Release Concerning Turkey-US Understanding on Countering DAESH, July 24, 2015 Turkey to Allow Use of Key Air Base for U.S. Warplanes to Bomb ISIS The United States and Turkey have reached an agreement in which manned and unmanned American warplanes will carry out airstrikes against the Islamic State from Incirlik Air Base in southern Turkey, near the Syrian border, Obama administration officials said Thursday. The New York Times, Turkey to Allow Use of Key Air Base for U.S. Warplanes to Bomb ISIS, July 23, 2015 Turkey Calls for NATO Meeting to Discuss Security Threats Turkey on Sunday called for a meeting of its NATO allies to discuss threats to its security and its airstrikes targeting Islamic State militants in Syria and Kurdish rebels in Iraq. The New York Times, Turkey Calls for NATO Meeting to Discuss Security Threats, July 26, 2015 Turkey has not asked for NATO military help: chief Turkey has not asked for substantial military help from NATO in its campaign against the Islamic State of Iraq and the Levant (ISIL) and Kurdish militants, the alliance's chief said on July 27, a day before it meets to discuss the fighting. Hurriyet Daily News, Turkey has not asked for NATO military help: chief, July 27, 2015 Drones and ditches as Turkey tightens border after Islamic State bombing Turkey is erecting a modular wall along part of its border with Syria as well as reinforcing wire fencing and digging extra ditches after a suspected Islamic State suicide bombing killed 32 mostly young students in a border town this week. Reuters, Drones and ditches as Turkey tightens border after Islamic State bombing, July 23, 2015 ‘United Cyprus Federation’ under discussion: Turkish Cypriot leader Akıncı A “United Cyprus Federation” has been on the agenda of resumed negotiations with the Greek side of the divided island, Turkish Cypriot President Mustafa Akıncı has said. Hurriyet Daily News, ‘United Cyprus Federation’ under discussion: Turkish Cypriot leader Akıncı, July 23, 2015 White House condemns 'heinous terror attack' in southern Turkey The White House said on Monday it strongly condemns what it called a "heinous terror attack" in Turkey near the Syrian border that killed at least 28 people. Reuters, White House condemns 'heinous terror attack' in southern Turkey, July 20, 2015 White House, Statement by National Security Council Spokesperson Ned Price on the Terrorist Attack in Suruç, Turkey, July 20, 2015 NATO, NATO Secretary General condemns terrorist attack in Turkish city of Suruç, July 20, 2015 European Union, Statement by High Representative/Vice-President Federica Mogherini on the terrorist attack in Turkey, July 20, 2015 Ankara pledges to train Iraqi police in Turkey Turkey has pledged to train the Iraqi police force at a venue located in Turkish territory, but also called on Baghdad to restructure its army to more effectively fight against the threat posed by the Islamic State of Iraq and the Levant (ISIL). Hurriyet Daily News, Ankara pledges to train Iraqi police in Turkey, July 14, 2015 Turkish FM welcomes nuke deal but calls on Iran to revise regional policies Turkish Foreign Minister Mevlüt Cavuşoğlu has welcomed the lifting of sanctions on neighboring Iran after the recent nuclear deal, saying it will contribute to the regional economy and will have a direct positive impact on Turkey. Hurriyet Daily News, Turkish FM welcomes nuke deal but calls on Iran to revise regional policies, July 14, 2015 Turkish President Erdoğan to visit Cyprus amid new talks As the re-started talks on Cyprus gain momentum, Turkish President Recep Tayyip Erdoğan will visit the northern half of the divided Mediterranean island on July 20 to attend ceremonies marking the 41st anniversary of the foundation of the Turkish Republic of Northern Cyprus. Hurriyet Daily News, Turkish President Erdoğan to visit Cyprus amid new talks, July 19, 2015 Turkey detains almost 800 trying to cross illegally from Syria, army says The Turkish army said on July 7 it had detained almost 800 people trying to cross illegally from Syria, including three suspected members of the Islamic State of Iraq and the Levant (ISIL), after bolstering security in border areas near where the jihadists hold ground. Hurriyet Daily News, Turkey detains almost 800 trying to cross illegally from Syria, army says, July 7, 2015 Turkey to build new refugee camp for 55,000 Syrians Turkey’s disaster management agency is working to build a new refugee camp in Kilis, a town on the Syrian border, in the face of a fresh, massive influx from its southern neighbor as a result of a potential attack by the Islamic jihadists on the Azaz province, one of most populous regions in northwest Syria. Hurriyet Daily News, Turkey to build new refugee camp for 55,000 Syrians, July 8, 2015 US congressional delegation holds talks with Turkish PM, FM A U.S. Congressional Delegation focused on the U.S. mission against the Islamic State of Iraq and the Levant (ISIL) and the ongoing humanitarian crisis in Iraq and Syria held talks with both Turkish Prime Minister Ahmet Davutoğlu and Foreign Minister Mevlüt Çavuşoğlu on July 1. Hurriyet Daily News, US congressional delegation holds talks with Turkish PM, FM, July 1, 2015 Turkey Uneasy as U.S. Support of Syrian Kurds Grows The United States has stepped up its military support for Syrian Kurdish militias fighting the Islamic State, efforts that have angered Turkey, a longtime ally and NATO member, which is now weighing new measures to contain the ambitions of the Kurds, including a buffer zone within Syria. New York Times, Turkey Uneasy as U.S. Support of Syrian Kurds Grows, June 29, 2015 US rules out northern Syria buffer zone The U.S. has ruled out support for a buffer zone in northern Syria amid renewed fighting just across Turkey’s southern border, according to a U.S. State Department official. Hurriyet Daily News, US rules out northern Syria buffer zone, July 1, 2015 Domestic Politics Turkey’s top business body calls on parties to form coalition Turkey’s top business body head has called on political parties to form a coalition government as soon as possible, as the country should not waste time making economic reforms and increasing its growth figures. Hurriyet Daily News, Turkey’s top business body calls on parties to form coalition, July 12 2015 AKP, CHP coalition talks at key phase, leaders expected to meet this week Coalition talks between the Justice and Development Party (AKP) and the Republican People’s Party (CHP) will enter a new phase following a last meeting by respective delegations on Aug. 3, with the two parties’ leaders to decide in an encounter likely to take place later this week. Hurriyet Daily News, AKP, CHP coalition talks at key phase, leaders expected to meet this week, August 3, 2015 Davutoğlu genuine but Erdoğan blocking coalition government: CHP President Recep Tayyip Erdoğan is blocking efforts by political parties to form a coalition, even though Prime Minister Ahmet Davutoğlu genuinely wants to create a government, according to the head of the Republican People’s Party (CHP). Hurriyet Daily News, Davutoğlu genuine but Erdoğan blocking coalition government: CHP, August 3, 2015 It’s never late to call for peace: Demirtaş During a period when tension between the army and terrorist groups has been escalating on a daily basis with incidents especially in east and southeast Anatolia, the leader of Turkey’s Kurdish-problem focused party has renewed his call for peace to both sides, underlining an appeal for peace is never late. Hurriyet Daily News, It’s never late to call for peace: Demirtaş, August 3, 2015 Turkey's Supreme Military Council convenes for promotions and retirements Turkey’s Supreme Military Council (YAŞ) convened for its regular annual meeting on Aug. 3 to discuss appointments and retirements of high-ranking staff officers and generals in the Turkish Armed Forces, as well as for the removal of military personnel from the army. Hurriyet Daily News, Turkey's Supreme Military Council convenes for promotions and retirements, August 3, 2015 Turkish parliament to convene for extraordinary meeting over ISIL, PKK Members of parliament are expected to gather at an extraordinary meeting of the national assembly on July 29, as Turkish fighter jets and ground forces hit militants of the Islamic State of Iraq and the Levant (ISIL) in Syria and outlawed Kurdistan Workers’ Party (PKK) camps in Iraq, in a campaign Ankara said would help create a “safe zone” across swathes of northern Syria. Hurriyet Daily News, Turkish parliament to convene for extraordinary meeting over ISIL, PKK, July 26, 2015 MHP calls on supreme prosecutor to act against HDP Nationalist Movement Party (MHP) leader Devlet Bahçeli has called on the Supreme Court of Appeals’ Prosecutor’s Office to take legal action against the Peoples’ Democratic Party (HDP) for acting against the law on political parties by maintaining alleged ties with the outlawed Kurdistan Workers’ Party (PKK). Hurriyet Daily News, MHP calls on supreme prosecutor to act against HDP, July 26, 2015 PKK announces ceasefire has ‘lost its meaning’ after Turkish army airstrikes The outlawed Kurdistan Workers’ Party (PKK) has said the ceasefire between it and the Turkish government has “lost its meaning” after the Turkish army’s airstrikes against PKK camps in northern Iraq, which began on July 24. Hurriyet Daily News, PKK announces ceasefire has ‘lost its meaning’ after Turkish army airstrikes, July 26, 2015 Gov’t informs opposition parties about cross-border operations, excludes HDP The government has informed the opposition parties in parliament about the recent cross-border military operations against the outlawed Kurdistan Workers’ Party(PKK) and the Islamic State of Iraq and the Levant (ISIL), though the Kurdish problem-focused Peoples’ Democratic Party (HDP) was not briefed. Hurriyet Daily News, Gov’t informs opposition parties about cross-border operations, excludes HDP, July 27, 2015 Hundreds detained in fresh wave of operations against ISIL, PKK A total of 15 suspects have been detained in the capital Ankara’s Hacıbayram neighborhood in an antiterror police operation against the Islamic State of Iraq and the Levant (ISIL), amid a fresh wave of antiterror operations across the country, which saw more than 200 suspects detained. Hurriyet Daily News, Hundreds detained in fresh wave of operations against ISIL, PKK, excludes HDP, July 27, 2015 HDP accuses gov’t of ‘dragging Turkey into civil war’ The Turkish army’s ongoing military operations in Iraq and Syria to crack down on terrorists was engineered by the Justice and Development Party (AKP), whose objective to regain its one-party government is dragging Turkey into a “civil war,” the leader of the Peoples’ Democratic Party (HDP), Selahattin Demirtaş, has claimed. Hurriyet Daily News, HDP accuses gov’t of ‘dragging Turkey into civil war’, July 27, 2015 Turkey Calls Deadly Blast at Suruc, Near Syria, a Terrorist Attack A large explosion at a cultural center in the Turkish town of Suruc, near Syria, on Monday killed at least 27 people and wounded 100 others, the Interior Ministry said. The cause of the explosion was not immediately clear, but the ministry said it was a terrorist attack. A security official at the mayor’s office in Suruc said there were suspicions that the blast was a suicide bombing. New York Times, Turkey Calls Deadly Blast at Suruc, Near Syria, a Terrorist Attack, July 20, 2015 Turkish PM Says Nationalists Plan to Stay Out of Government Turkey's nationalist opposition does not want to share power in a government with the ruling AK Party, Prime Minister Ahmet Davutoglu said on Tuesday, dealing a blow to his efforts to find a junior coalition partner. New York Times, Turkish PM Says Nationalists Plan to Stay Out of Government, July 14, 2015 Turkey's ruling AKP vows to lower 10 percent election threshold Prime Minister Ahmet Davutoğlu has said his coalition talks with opposition parties will certainly include lowering the 10 percent national election threshold, but the level of the drop will be decided with any governing partner. “The threshold will be lowered to 5 percent of 7 percent. This will be very good for the inclusion of all parties. Our ultimate objective is to lower it,” Prime Minister Davutoğlu said in an interview with private broadcaster NTV late on July 15. Hurriyet Daily News, Turkey's ruling AKP vows to lower 10 percent election threshold, July 14, 2015 Turkish top court annuls Erdoğan-backed closure of tutoring schools Turkey’s Constitutional Court has annulled a law phasing out private tutoring centers, known as dersanes, whose prospective closure had been interpreted as a move against the movement of U.S.exiled Islamic scholar Fethullah Gülen, an ally-turned-foe of President Recep Tayyip Erdoğan. Hurriyet Daily News, Turkish top court annuls Erdoğan-backed closure of tutoring schools, July 14, 2015 AKP, CHP agree on need for strong gov’t The two parties that received the most votes in the June 7 elections agree on the need for “a strong government,” Prime Minister Ahmet Davutoğlu said July 13 following talks with the Republican People’s Party (CHP) about a possible coalition. Hurriyet Daily News, AKP, CHP agree on need for strong gov’t, July 13 2015 Turkish PM: Speaker election won’t change composition of CHP, MHP coalition talks The Nationalist Movement Party’s (MHP) effective support for the Justice and Development Party’s (AKP) parliamentary speaker candidate will not impact the latter’s stance in coalition talks, according to Prime Minister Ahmet Davutoğlu. Hurriyet Daily News, Turkish PM: Speaker election won’t change composition of CHP, MHP coalition talks, July 2, 2015 Turkey names defense minister amid rising Syria border tension Turkey on Friday reappointed a former defense minister, Vecdi Gönül, who occupied the post for nearly a decade, after his successor was elected as parliamentary speaker. Reuters, Turkey names defense minister amid rising Syria border tension, July 3, 2015 Economy and Energy EBRD Sees Record Turkey Equity Investment in Year of Uncertainty The European Bank for Reconstruction and Development is set to make record equity investments in Turkey this year, even as the country awaits the formation of a government and confronts regional instability. Bloomberg, EBRD Sees Record Turkey Equity Investment in Year of Uncertainty, August 3, 2015 Slowing Turkey Inflation May Be Temporary as Food Set to Surge Turkish inflation slowed in July, driven by seasonal factors that will likely provide only temporary relief for the central bank as it seeks to lower price gains. Bloomberg, Slowing Turkey Inflation May Be Temporary as Food Set to Surge, August 3, 2015 Russia's Putin, Turkey's Erdogan to discuss TurkStream this autumn: Kremlin Business circles in eastern and southeastern Turkey have called for the country’s political parties to establish a coalition government as soon as possible, highlighting the political uncertainties that have led to rising terrorist attacks and conflicts in the region. Reuters, Russia's Putin, Turkey's Erdogan to discuss TurkStream this autumn: Kremlin, July 31, 2015 Turkey Central Bank to Consider Shift to Single-Rate Policy Turkish companies are planning to invest in struggling neighbor Greece in the agricultural, manufacturing, tourism, construction and transportation sectors, as part of a joint program between the two countries. Bloomberg, Turkey Central Bank to Consider Shift to Single-Rate Policy, July 30, 2015 Turkish President Aims to Boost Ties With China Turkish President Recep Tayyip Erdogan offered to step up cooperation with Beijing on everything from trade to terrorism in meetings with Chinese leaders on Wednesday. The Wall Street Journal, Turkish President Aims to Boost Ties With China, July 29, 2015 Russia won’t delay signing gas discount: Energy Minister Turkey believes Russia will not delay signing documents which secured a 10.25 percent discount on gas prices, Turkish Energy Minister Taner Yıldız has said. Hurriyet Daily News, Russia won’t delay signing gas discount: Energy Minister, August 3, 2015 Turkey may revise economic targets once government is formed: Minister Turkey may need to revise its economic targets downward once a government is formed, Turkish Finance Minister Mehmet Şimşek said on July 27, on the back of persistent uncertainties. Hurriyet Daily News, Turkey may revise economic targets once government is formed: Minister, July 27 2015 Turkey Holds Rates Steady As Political Risks Pressure Lira Turkey’s central bank on Thursday kept all interest rates unchanged for a fifth consecutive month, as political uncertainties and mounting national security threats continued to pressure the country’s weak currency and high inflation. The Wall Street Journal, Turkey Holds Rates Steady As Political Risks Pressure Lira, July 23, 2015 Early election in Turkey would prolong economic risk: finance minister Turkish economic growth would take a hit if talks to form a coalition government fail and a new election is called, Finance Minister Mehmet Simsek said on Wednesday, warning that the uncertainty risked delaying private investment. Hurriyet Daily News, Early election in Turkey would prolong economic risk: finance minister, July 14, 2015 Iran accord to ‘fuel up’ Turkey’s energy sector The international deal over Iran’s nuclear program will boost Turkey’s energy sector as oil prices will drop and gas imports from Iran to Turkey might increase, according to sector representatives, who predict that Turkey may even buy more Iranian oil than it did before Tehran was hit by sanctions. Hurriyet Daily News, Iran accord to ‘fuel up’ Turkey’s energy sector, July 15, 2015 Will the Greek disease infect Turkey? Does the fragility of these countries in the Mediterranean basin resemble the fragility of Turkey’s economy? Or, as another Mediterranean country, will Turkey experience what EU member countries are going through? Even if these fragilities look similar, are the resources similar as well? Will the fragility in the Mediterranean spread to Turkey? Hurriyet Daily News, Will the Greek disease infect Turkey?, July 13 2015 Turkish Economy Hit by Greek Crisis Turkish financial markets are among the worst hit in the face of its Greek neighbor's troubles and the Turkish lira has hit record lows. The impact is seen as a sign of growing vulnerability in the Turkish economy, which is already under pressure from rising border concerns with Syria, and efforts to form a coalition government. Hurriyet Daily News, Turkish Economy Hit by Greek Crisis, July 7 2015 Political uncertainty threatens Turkey's economy as World Bank cuts forecasts The World Bank cut its growth forecasts for Turkey on Wednesday as uncertainty over who will govern exacerbated the country's economic weaknesses and vulnerability to global liquidity tightening. Reuters, Political uncertainty threatens Turkey's economy as World Bank cuts forecasts, July 1, 2015 Turkey’s exports decrease by 8 pct in first half of 2015 due to forex changes, geopolitical risks: Association Turkey’s exports decreased 8.1 percent in the first half of the year to $73.26 billion from the same period of 2014, due to the negative effects of parities on exports and geopolitical risks in neighboring countries, the Turkish Exporters’ Assembly (TİM) announced on July 1. Hurriyet Daily News, Turkey’s exports decrease by 8 pct in first half of 2015 due to forex changes, geopolitical risks: Association, July 1, 2015 Turkey cannot grow further upon existing model: MIT economist The Turkish economy is grown upon state contributions, but this is not sustainable, MIT economist Daron Acemoğlu has said in an interview with Bloomberg HT. Hurriyet Daily News, Turkey cannot grow further upon existing model: MIT economist, July 6, 2015