Turkish currency drops to record low

Turkey’s lira briefly fell 15% yesterday following the shock dismissal of the country’s Central Bank Governor Naci Ağbal by Recep Tayyip Erdoğan. Ağbal was abruptly fired on Saturday, just 2…

Turkey sends mixed signals on EastMed

Turkish President Recep Tayyip Erdoğan sent mixed signals about his intentions vis-à-vis the Eastern Mediterranean – amid heightened tensions with the European Union. After both his Defense and Foreign Ministers…

Borrell:  EU-Turkey ties at “watershed” point

The High Representative of the European Union Josep Borrell is warning that relations are at a turning point with Turkey, over its intentions regarding the Eastern Mediterranean Sea. "The reaching…

EU issues EastMed ultimatum to Turkey

French President Emmanuel Macron stressed that the European Union devised a unified approach to ensure sovereignty of EU member states Greece and Cyprus is respected in light of Turkey’s aggressive…

Turkey ratchets up EastMed tensions

Hostilities between Turkey and Greece over a disagreement in the Eastern Mediterranean are escalating. In blatant disregard of a maritime Exclusive Economic Zone (EEZ) agreement between Athens and Cairo, Ankara…