Why Turkey Is Causing Trouble With Israel

Turkey is seriously saber rattling with Israel. Why you ask? The usual reason. Economic problems at home.

…the Turkish market has lost two-fifths of its value in dollar terms, and the Turkish lira has fallen farthest of the world’s major currencies, close to its 2009 crisis low. Turkey’s financial unraveling has only begun. On March 1, I warned that Turkey was “a developing market to avoid”. With the carnage in global markets, Turkey’s problems barely made the back pages. But the strategic importance of Turkey’s currency route will become a major theme for foreign policy during the next several weeks.

It looks like the foreign policy implications are already with us.

Cross Posted at Power and Control


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One response to “Why Turkey Is Causing Trouble With Israel”

  1. John S. Avatar
    John S.

    This crap wouldn’t be happening under an Israel-friendly president, because Turkey (or whoever the agitator was) would know that even if the USA didn’t get directly involved, the Israelis would have carte blanche to respond, and have plenty of weapons and ammo with which to do it (supplied by us). Israel might end up with a half-hearted slap on the wrist for taking action, but Turkey would be spitting teeth and blood on the sidewalk, at minimum.