Erdogan to Reconsider Political Ties With EU

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

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.