Europe and US relations with Turkey have deteriorated markedly - BBH

Sandeep Kanihama FXStreet Contributor

Research Team at BBH, notes that since the failed coup attempt, Europe and US relations with Turkey have deteriorated markedly.

Key Quotes

“The EU has been ambivalent at best about Turkey's negotiations for accession to EU membership. The crackdown and arrest of tens of thousands of people over the coup attempt antagonizes EU human rights concerns, which was already jeopardizing the agreement over immigration and visa-free travel for Turkish passport holders. Turkey is building a rapprochement with Russia, which has implications for the war in Syria. Greece is protesting Turkey violation of Greece's airspace and is concerned that Turkey is questioning the validity of the Treaty of Lausanne. The treaty is more than 90-year old and defines the Turkey's borders.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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