•   
  •   
  •   

World Turkey: Erdogan threatens massive retaliation in case of attack on a ship

11:05  14 august  2020
11:05  14 august  2020 Source:   parismatch.com

Turkish lira hits another historic low amid pandemic

  Turkish lira hits another historic low amid pandemic LONDON (AP) — Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. It was trading around 7.17 at 11:45 GMT. The drop is fueled by high inflation, a wide current account deficit and the Turkish government’s push for cheap credit to drive an economy that was already fragile before the COVID-19 pandemic hit.Analysts have expressed concerns over the level of Turkey's reserves and Turkish President Recep Tayyip Erdogan’s aversion to high interest rates.

Turkish President Recep Tayyip Erdogan has threatened reprisals if anyone attacks the ship surveying disputed waters in the Mediterranean for oil “We said that if you attack our Oruc Reis you will pay a high price, and they got their first answer today,” Erdogan said on Thursday in a speech in

Turkey ’s president, Recep Tayyip Erdoğan , has threatened Bashar al-Assad with direct military action if any more Turkish troops are harmed in “The regime, backed by Russian forces and Iran-backed militants, are continuously attacking civilians, committing massacres and shedding blood,” Erdoğan

Turquie : Erdogan menace de représailles massives en cas d’attaque d’un navire © Pixabay Turkey: Erdogan threatens massive retaliation in case of attack on a ship An attack on a Turkish ship will pay off "High price", warns Recep Erdogan, while tensions are mounting in the eastern Mediterranean on the gas front.

While the rag is burning between Turkey on one side and Greece and the European Union on the other on the gas front, Recep Tayyip Erdogan raises his voice. The Turkish president warned in particular that an attack against a Turkish vessel seeking hydrocarbons in a disputed area of ​​the Mediterranean would come at a "high price". Ankara recently sent the ship Oruç Reis to explore an area off the Greek island of Kastellorizo, fueling tensions between Greece and Turkey . Several Turkish warships accompanied the Orus Reis. Greece responded by sending its own warships to the area to monitor Turkish activities.

Erdogan Says He Wishes to See Turkey Cut Interest Rates Further

  Erdogan Says He Wishes to See Turkey Cut Interest Rates Further Turkey’s Recep Tayyip Erdogan wants interest rates cut further. The Turkish leader is a firm believer that high borrowing costs fuel inflation. His plea comes after the central bank held the line in July following a series of reductions.“God willing, they will go down further,” Erdogan said in a televised speech in Ankara on Monday. “That’s our wish, so that investors can invest in this country in an easier and stronger way.”Turkey relies on cheaper loans to revive an economy that like many has been hurt by the coronavirus pandemic.

Turkish President Tayyip Erdogan said on Wednesday his country will not shy away from even stronger Turkey and Russia, which back opposing sides in Syria's war, agreed on a ceasefire to stop "We will not just retaliate (against) even the smallest attack here (in Idlib), we will give a much

Turkish President Tayyip Erdogan said on Wednesday his country will not shy away from even stronger military Turkey and Russia, which back opposing sides in Syria's war, agreed on a ceasefire to stop escalating "We will not just retaliate (against) even the smallest attack here (in Idlib), we

In a speech to members of his party, Mr. Erdogan appeared to suggest that Oruc Reis had been attacked during his expedition and that Turkey had responded. "We told them + Don't even think about attacking Oruç Reis, you will pay a high price if you attack our Oruç Reis +. And they got the first response today," said the Turkish president. He didn't provide any details and immediately moved on to another topic. In Athens, the Greek Defense Ministry denied attacking the Turkish ship. "No incident has occurred," a senior official told AFP.

>> To read also - Turkey buys gold with a vengeance

Earlier in the day, Mr. Erdogan spoke with German Chancellor Angela Merkel and European Council President Charles Michel to try to calm tensions down. "He pleaded for a solution to the problems within the framework of international law and the principles of dialogue and equity," according to the Turkish presidency.

EU holding urgent talks on Greece-Turkey energy dispute

  EU holding urgent talks on Greece-Turkey energy dispute ATHENS, Greece (AP) — European Union foreign ministers prepared Friday for urgent talks on military tensions between Greece and Turkey as the neighboring countries' navies continued a game of brinkmanship over eastern Mediterranean drilling rights. Turkish President Recep Tayyip Erdogan said Turkey would press ahead with its search for oil and gas in the disputed waters until Aug. 23 as planned. But following a phone call with German's leader,Turkish President Recep Tayyip Erdogan said Turkey would press ahead with its search for oil and gas in the disputed waters until Aug. 23 as planned.

The threat comes amid escalating tensions over energy resources. Turkey 's president on Thursday threatened Greece against rising tensions in the eastern Mediterranean "We have told Greece if you attack our Oruc Reis, you will pay a heavy price. And they got their first answer today," Erdogan told

President Erdoğan in a televised speech Thursday made an alarming claim, saying the Turkish hydrocarbons exploration ship Oruç Reis has come under some sort of " attack ". And we have given the first response today,” Erdogan said in the address, according to state media.

The discovery in recent years of vast gas fields in the eastern Mediterranean has whetted the appetite of the riparian countries and reinforced tensions between Turkey and Greece, both members of NATO but at odds on the delimitations of their borders maritime.

The EU has watched these tensions with concern, calling on Turkey to cease exploration activities. Ties between France and Turkey have also deteriorated since a naval incident in June, when Paris accused the Turkish navy of being "extremely aggressive" towards a French military ship . The French government announced Thursday that it would "temporarily" strengthen its military presence in the eastern Mediterranean.

>> To read also - Sale of arms to Turkey: big shortfall for France?

Turkey Finds Energy in Black Sea as Erdogan Vows a New Era .
Turkey has made an energy discovery in the Black Sea, most likely natural gas, two people with direct knowledge of the matter said Wednesday. © Photographer: Michael Nagle/Bloomberg Recep Tayyip Erdogan The two officials spoke after President Recep Tayyip Erdogan promised to deliver Turks some “good news” on Friday that would usher in a new era for the nation. He has also vowed to pursue energy exploration in contested Mediterranean waters that has triggered confrontations with the European Union. The president’s office declined to comment.

—   Share news in the SOC. Networks
usr: 3
This is interesting!