Mediaboss Marketing

ISTANBUL, Feb 5 (Reuters) - Turkish President Tayyip Erdogan said Western missions would "pay" for issuing security warnings and temporarily closing consulates in Turkey last week, while police said there was no serious threat to foreigners after detaining 15 Islamic State suspects on Sunday.

Ankara summoned the ambassadors of nine countries on Thursday to criticise their decisions to temporarily shut diplomatic missions and issue security alerts. Turkish officials said the following day that Western nations, including the United States and Germany, had not shared information to back up their claims of a security threat.

"The other day our foreign ministry summoned all of them and gave the necessary ultimatum, told them 'You will pay for this heavily if you keep this up,'" Erdogan said during a meeting with youth that was pre-recorded and broadcast on Sunday.

Alongside the closures, several Western states warned citizens of a heightened risk of attacks to diplomatic missions and non-Muslim places of worship in Turkey, following a series of far-right protests in Europe in recent weeks that included several incidents of burning copies of the Muslim holy book, the Koran.

View 2 more stories

Turkey suspended negotiations for Sweden and Finland's NATO accession last month following a protest in Stockholm during which a copy of the Koran was burned.

Erdogan said that the Western states were "playing for (more) time" and that the "necessary decisions" would be taken during Monday's cabinet meeting, without elaborating.

Earlier on Sunday, police said they had not found evidence of any concrete threat to foreigners in the detentions of 15 Islamic State suspects accused of targeting consulates and non-Muslim houses of worship, state media reported.

Anadolu Agency cited an Istanbul police statement saying the suspects had "received instructions for acts targeting consulates of Sweden and the Netherlands, as well as Christian and Jewish places of worship".

While the suspects' ties to the jihadist group were confirmed, no concrete threats toward foreigners were found, the statement said.

Foreign Minister Mevlut Cavusoglu repeated on Saturday Turkey's frustration with what it says is Sweden's inaction toward entities that Ankara accuses of terrorist activity. All 30 NATO members must ratify newcomers.

Turkey, Sweden and Finland signed an agreement in June aimed at overcoming Ankara's objections to their NATO bids, with the Nordic states pledging to take a harder line primarily against local members of the banned Kurdistan Workers Party (PKK), which took up arms against the Turkish state in 1984.

Editing by Jonathan Spicer, Elaine Hardcastle and Frances Kerry

Our Standards: The Thomson Reuters Trust Principles.

Read more:
Turkey's President Erdogan says Western missions will 'pay' for ...

By AFP

ADIYAMAN: Hakan Tanriverdi has a simple message for President Recep Tayyip Erdogan days after Turkey suffered its worst disaster in generations: "Don't come here asking for votes."

The earthquake that killed more than 21,000 people across Turkey and Syria came at one of the most politically sensitive moments of Erdogan's two-decade rule.

The Turkish leader has proposed holding a crunch election on May 14 that could keep his Islamic-rooted government in power until 2028.

The date gives his splintered opposition little time to hammer out their differences and agree on a joint presidential candidate.

Whether that vote can now go ahead as planned remains to be seen.

Erdogan has declared a three-month state of emergency across 10 quake-hit provinces. The region is still digging out its dead and many are living on the streets or in their cars.

Campaigning here seems out of the question.

But there is also a political dimension that is deeply personal for Erdogan.

The earthquake struck just as he was gaining momentum and starting to lift his approval numbers from a low suffered during a dire economic crisis that exploded last year.

Tanriverdi's bitterness is a bad sign for Erdogan in a province where he handily beat his secular opposition rival in the last election in 2018.

"We were deeply hurt that no one supported us," Tanriverdi said of the government's earthquake response.

Erdogan fights back

Tanriverdi's grievances are common in Adiyaman province -- one of the hardest-hit by the quake.

Locals complain that rescuers didn't arrive in time to pull out people who survived the first critical hours. Some pointed to a lack of machinery to drill through slabs of concrete.

"I did not see anyone until 2:00 pm on the second day of the earthquake," Adiyaman resident Mehmet Yildirim said.

"No government, no state, no police, no soldiers. Shame on you! You left us on our own."

Erdogan admitted "shortcomings" in the government's handling of the disaster on Wednesday.

But he is also fighting back. The 68-year-old led a rescue response meeting in Ankara on Tuesday and spent the following two days touring a series of devastated cities.

He is yet to visit Adiyaman.

That upsets Hediye Kalkan, a volunteer who travelled nearly 150 kilometres (95 miles) to help with the Adiyaman rescue and recovery effort.

"Why doesn't the state show itself on a day like this?" she demanded. "People are taking their relatives' bodies out by their own means".

'Isn't it a sin?'

The sheer scale and timing of the disaster -- spanning a large and remote region in the middle of a winter storm -- would make any rescue effort complicated.

Erdogan has received a largely warm reception from locals in carefully choreographed visits broadcast on national television.

One elderly woman came out to hug Erdogan and shed tears on his shoulder.

Veysel Gultekin might not do the same if he had a chance to face the Turkish leader.

Gultekin said he had seen one of his relatives' feet trapped under the rubble after running out on the street after Monday's pre-dawn tremor.

"If I had a simple drill, I could have pulled him out alive," Gultekin said. "But he was completely trapped and after a strong aftershock, he died."

AFP reporters saw more machines and rescue workers -- including international teams -- around collapsed buildings on Thursday.

But this was not enough to soothe Tanriverdi's pain.

"People who didn't die from the earthquake were left to die in the cold," he said. "Isn't it a sin, people who have been left to die like this?"

Read the original here:
'Don't come here asking for votes': Turkish President Erdogan faces ...

The devastating earthquake in Turkey poses a significant test of governance for President Recep Tayyip Erdogan, who is fighting for his political future just months before an election in May that could reshape the country.

Mr. Erdogan swept into power after a bungled government response to a 1999 earthquake that left more than 17,000 people dead and a financial crisis two years later. He has dominated Turkish politics for the two decades since but his support has been weakened recently by sky-high inflation that dented his reputation as a capable, if controversial, administrator.

The earthquake could really destroy the image of Erdogan as a powerful, autocratic, yet efficient leader, said Soner Cagaptay, who heads Turkey research at the Washington Institute, a policy research organization. We have to wait to see it could play out depending on the disaster response.

Mr. Erdogan, 68, faces a staggering task in the aftermath of Mondays earthquake, which was one of the deadliest and most destructive natural disasters this century. Damage could top $1 billion, according to an estimate by the United States Geological Survey. Thousands are dead and the toll is rising.

He also faces a political challenge: Recent polls suggest that no one would win outright in the first round of presidential voting, and that either of two potential opposition candidates could beat Mr. Erdogan in a runoff, with survey margins ranging from single digits to more than 20 percentage points.

Turkish opponents and Western officials have accused Mr. Erdogan of pushing the country toward autocracy, largely because of sweeping powers he granted himself since a narrow majority of voters passed a referendum in 2017 that expanded the presidents role.

On Tuesday, he declared a three-month state of emergency in 10 provinces affected by the earthquake, allowing for limitations on freedoms that could include curfews, travel bans and compulsory assignment for civil servants.

The move raised immediate concerns, given the steps Mr. Erdogan took in 2016 after a failed coup attempt against him. A nationwide state of emergency was initially supposed to last three months but was extended for a total of two years. During that time, more than 100,000 people were detained and 150,000 public employees were purged from their jobs.

But analysts called Tuesdays announcement an understandable step in light of the scale of the quakes devastation. The three-month period would end shortly before the May 14 vote.

So far, the opposition has refrained from criticizing the response to the earthquake, with all the political parties on Tuesday issuing a rare joint statement of unity in the face of the temblor.

Read the original:
Erdogans Election Hopes Could Hinge on Earthquake Response

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT

Murat Cetinmuhurdar | Reuters

Turkey will keep cutting interest rates, its President Recep Tayyip Erdogan said, despite soaring inflation at over 80%.

The central bank of Turkey will not be raising rates, he told CNN Turk on Wednesday night, adding that he expects the country's key rate, currently 12%, to hit single digits by the end of this year.

Faced with deepening economic problems, Erdogan also took the time to throw some barbs at the U.K., saying that the British pound has "blown up."

The U.K. currency recently hit a historic low against the U.S. dollar at close to $1.03, as the new Conservative government led by Prime Minister Liz Truss put forward an economic plan based heavily on borrowing and tax cuts despite mounting inflation that sent markets reeling.

It's prompted alarmed reactions from U.S. economists, policymakers and the International Monetary Fund, with some saying the U.K. is behaving like an emerging market.

Turkey's lira, meanwhile, hit a record low of 18.549 against the dollar on Thursday. The currency has lost roughly 28% of its value against the dollar this year and 80% in the last 5 years as markets shunned Erdogan's unorthodox monetary policy of cutting interest rates despite high inflation.

"Oh the irony, Erdogan giving Truss advice on the economy," Timothy Ash, an emerging markets strategist at BlueBay Asset Management, said in an email note.

"Turkey has 80% inflation and I guess the worst performing currency over the past decade. Lol.How low the U.K. has sunk."

People browse gold jewelry in the window of a gold shop in Istanbul's Grand Bazaar on May 05, 2022 in Istanbul, Turkey. Gold prices ticked higher on Monday as the dollar hovered near recent lows, with investors' focus being on a key U.S. inflation reading as it could influence the size of the Federal Reserve's next interest-rate hike.

Burak Kara | Getty Images News | Getty Images

Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates at its next meeting in October.

"My biggest battle is against interest. My biggest enemy is interest. We lowered the interest rate to 12%. Is that enough? It is not enough. This needs to come down further," Erdogan said during an event, according to a Reuters translation.

"We have discussed, are discussing this with our central bank. I suggested the need for this to come down further in upcoming monetary policy committee meetings," he added. Turkey's central bank shocked markets with two consecutive 100 basis point cuts in the last two months, as many other major economies seek to tighten policy.

The lira meanwhile is set to fall further as Turkey prioritizes growth over tackling inflation, which is at its highest in 24 years. In addition to the skyrocketing living costs this has brought on Turkey's population of 84 million, the country is burning through its foreign exchange reserves and has a widening current account deficit.

As the U.S. Federal Reserve raises its interest rate and the dollar grows stronger, Turkey's many dollar-denominated debts, and the energy it imports in dollars, will only become more painful to pay for.

"With external financing conditions tightening, the risks remain firmly skewed to sharp and disorderly falls in the lira," Liam Peach, a senior emerging markets economist, wrote in a note after Turkey's last rate cut on Sept. 22.

"The macro backdrop in Turkey remains poor. Real interest rates are deeply negative, the current account deficit is widening and short-term external debts remain large," he wrote. "It may not take a significant tightening of global financial conditions for investor risk sentiment towards Turkey to sour and add more downward pressure on the lira."

Follow this link:
Erdogan says Turkey will keep cutting interest rates, mocks British pound - CNBC

ISTANBUL, Sept 28 (Reuters) - Turkey will re-inforce its military presence in northern Cyprus after the United States lifted defence trade restrictions on Cyprus, Turkish President Tayyip Erdogan said on Wednesday.

Speaking in a televised interview with broadcaster CNN Turk, Erdogan said the lifting of the restrictions was "inexplicable in terms of content and timing."

Earlier this month, the U.S. State Department said Secretary of State Antony Blinken had lifted defense trade restrictions for Cyprus for fiscal year 2023. read more

Register now for FREE unlimited access to Reuters.comRegister

"The United States, which overlooks and even encourages the steps by the Cypriot-Greek duo that threaten peace and stability in the eastern Mediterranean, will lead to an armament race on the island with this step," Erdogan said.

"Will we stand by? We cannot," he said, adding that Turkey already has 40,000 troops on the island and will reinforce them with land, naval and aerial weapons, ammunition and vehicles, Erdogan said.

"Everyone must know that this last step will not go unresponded and that every precaution will be taken for the security of the Turkish Cypriots," Erdogan said.

Cyprus was split following a 1974 Turkish invasion triggered by a brief Greek-inspired coup. Since then, Cyprus has been run by a Greek Cypriot administration in the south that Ankara does not recognise.

The breakaway Turkish state on the northern side of the divided island is only recognised by Ankara.

Register now for FREE unlimited access to Reuters.comRegister

Reporting by Ali Kucukgocmen; Editing by Sandra Maler

Our Standards: The Thomson Reuters Trust Principles.

Read more:
Turkey to re-inforce military presence in northern Cyprus -Erdogan - Reuters