Recent Posts

Ankara forces companies to sell hard currency as circle tightens

The Turkish government’s latest loan restriction may help the embattled lira recover to some extent, but not without the risk of damaging side effects. Desperate against galloping inflation but bent on keeping interest rates low, Turkey’s government has turned to interventionist measures akin to capital controls to bolster the embattled …

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Israel awaits Biden message on Iran deal amidst political uncertainty

Israel’s political landscape will shift dramatically over the next few weeks, as the US president is set to visit. Yair Lapid is scheduled to take over from Naftali Bennett as Israeli prime minister next week under a complex job-sharing agreement. It’s an open question whether Lapid intends to maintain Bennett’s …

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Turkey lifts objection to Sweden, Finland joining NATO at last minute

Following the signing of a memorandum between Turkey, Sweden, and Finland, Erdogan lifted his veto against the Nordic expansion of NATO hours before the Madrid summit started. After a day of phone diplomacy, conflicting statements, and last-minute political posturing, Turkey has given the nod to NATO hopefuls Sweden and Finland …

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