Video Commentary:  Fate of TL, Interest Rates to be Set by Erdogan-Biden Meeting

[embed]https://www.youtube.com/watch?v=o_3cf-mRyic&t=91s[/embed]   First contact between Presidents R. T. Erdogan and Joe Biden will take place on 14 June, on the sides of the Brussels NATO summit.  

• White House had expressed its displeasure with Erdogan’s conduct through several means, asking for certain improvements.

 

• What are the key disputes? Allegations about  Fethullah Gulen, Halkbank trial, the status of Kurds in North East Syria, Turkey’s poor human rights record, S-400 anti-missile systems.

 

• Biden holds most of the ace cards. But it is not clear what he shall demand from Erdogan if anything.

 

• Erdogan goes to the summit at the weakest juncture in his 20 year reign.

I focus on TL and interest rates as a simple way to explain how the summit results could reverberate in Turkish economy and politics.  

• There are three scenarios. Only one is favorable to Turkey.

In the worst-case scenario a currency shock, recession, and early elections are in the cards.   For more; www.paturkey.com   Subscribe our to channel  http://wedia.link/RealTurkey       Did you like this video?     WATCH:  Real Turkey featuring Mehmet Ogutcu: World after the pandemic—where does Turkey fit in?   WATCH:  Devil’s Triangle in Turkey: Mafia-State-AKP