PM Recep Tayyip Erdogan strongly criticised Standard & Poors decision to cut Turkeys outlook, calling the rating revision nonsense and ideological. Erdogan threatened not to recognise S&P as a credit rating agency. This week S&P cut the rating outlook, explaining its view of the Turkish economy that less-buoyant external demand and worsening terms of trade have made economic rebalancing more difficult, and have increased the risks to Turkeys creditworthiness given its high external debt and the state budget's reliance on indirect tax revenues. |
The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more
The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more
US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more