Finance

Again, Turkish court rejects US pastor Brunson’s appeal for release

Again, Turkish court rejects US pastor Brunson’s appeal for release

Brunson, who attended Wheaton College, has lived in Turkey for more than two decades as pastor of a small local church.

And the day earlier, two Greek soldiers held by Turkey since March for illegally crossing the border were also freed. Brunson, who Turkish officials say had links to a failed 2016 coup, is being held under house arrest.

"I think that Turkey is so integrated into the global economic system that it has realized it can not afford to have bad ties with both the United States and Europe", Soner Cagaptay, Director of the Turkish Research Program at The Washington Institute, explained to The Media Line.

Turkish trade minister Ruhsar Pekcan responded to Trump's tweet, telling reporters Friday Turkey would continue to answer to any sanctions from the United States "in accordance to World Trade Organization rules". Sanders lamented that Turkey had treated Brunson, "who we know to be a very good person and a strong Christian who has done nothing wrong, very unfairly, very badly".

The lira's free-fall was likewise stemmed by the implementation by Turkey's central bank of policies that make it more hard to borrow money. "If they back the American position on Turkey tariff penalties, then they lose Turkey".

"Do you think the lira will gain against the dollar if Brunson is released?" However, it was still down 34 percent in 2018. And as the currency drops, that debt becomes so much more expensive to repay, leading to potential bankruptcies.

The ongoing case has caused a deterioration in U.S.

While Evangelists in the United States consider Trump's efforts to release Brunson as support for religious freedom, the article argued Trump was trying to use this issue to secure success during the November 7 midterm elections.

Trump then announced plans to impose 20% tariffs on Turkey's aluminum and 50% on its steel.

Turkish President Tayyip Erdogan announced yesterday that the country would boycott all electronics from the USA amid tension and rising conflict between the two countries and its leaders.

Qatar has promised to make a Dollars 15 billion direct investment in Turkey, badly hit by a currency crisis amid a widening diplomatic standoff with the United States, officials said.

Turkey has accused Brunson of espionage and having ties to the Kurdistan Workers Party and the movement led by cleric Fethullah Gulen.

What is the new threat from the US?

He said Turkey would "do well not to test @POTUS Trump's resolve" over the issue. "I don't know what the breaking point is".

The massive pledge came during a visit by Qatar's emir Sheikh Tamim bin Hamad Al Thani to Ankara on Wednesday, where he met his Turkish counterpart Recep Tayyip Erdogan.

Turkey's finance chief tried to reassure thousands of worldwide investors on a conference call on Thursday, in which he pledged to fix the economic troubles.

On Wednesday, in retaliation, Turkey increased tariffs on several US-origin products, including alcohol, tobacco products and cars.


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