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Erdogan to Reconsider Political Ties With EU

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Turkey may review its political ties and a refugee deal with the European Union after an April referendum on a new presidential system, Turkish President Recep Tayyip Erdogan said.

“We could maintain our economic relations but from now on, we may have the need to review ties at the political and administrative level,” Erdogan, 63, said in an interview with CNN-Turk television late Thursday. The president said he’ll use terms like “fascist” or “Nazi” to criticize Europe for as long as “they keep calling me a dictator,” and described as unacceptable some EU members’ defense of the Netherlands after it denied entry to Turkish ministers seeking to campaign ahead of the poll.

He also said Turkey would continue to welcome foreign investors even if it reconsiders its political relations with the bloc.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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