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Commentary:  Turkey’s 3S curse

Syria, S-400 anti-missile systems and US sanctions are the three curses of Turkish politics, all of which  have the potential to derail the fragile economy

Commentary:  Turkey’s 3S curse

 

Syria, S-400 anti-missile systems and US sanctions are the three curses of Turkish politics, all of which  have the potential to derail the fragile economy. President Erdogan’s Washington visits aimed at solving the US angle of these three problems, but turned into a PR disaster. The dream of resettling 1-2 million Syrian refugees in the Safe Zone is dead, too.  But, the threat of American sanctions on account of Turkey’s S-400 purchase  is very much alive, which could   trigger a nasty recession through currency depreciation and lower FX credit flow.

 

 

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