MADRID | By Francisco López | Argentina’s devaluation contagion pulled downwards such different assets as Brazil Stock Exchange, Argentinian or South African currency , or even Indonesia’s bonds. In Spain, the Ibex fell again by 1.1% losing 6.7% points in just six days, which means its hardest time in past twelve months. When panic spreads, investors do not consider each countries’ economic circumstaces individually.
ISTANBUL | By Orhan Kemal Cengiz Radikal at via Presseurop | The recent report on progress in negotiations on Turkey’s accession to the EU finally deals sensitively with the issue and should trigger a calm debate among the Turkish public on its relationship with the Union, writes the star columnist of the influential “Radikal” daily newspaper.
MADRID | By Iñigo Villegui at Capitalmadrid | As unrest rattles in Turkey, markets reportedly experienced their worst day in years on Monday, the lira moving into the red and government bonds suffering major losses. Brokers interested in BBVA are fearing this turmoil can harm the Spanish bank, which since 2010 has a 24.9% stake in the first Turkish bank, Garantí.
NEW YORK | Obama didn’t manage to resume the peace process between Palestinians and Israelis because there was nothing to resume. The surprise is that his trip did work to boost Israel-Turkey relations.
ISTANBUL | Although a member of numerous regional and international organisations, Turkey is still not in the EU, despite negotiations dating back some 50 years. Öztin Akgüc wonders if the the country has missed its chance to become anything more than an auxiliary to US foreign policy in the Middle East.
