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Monday, July 18, 2016

First the Turkey Coup, Now the Economic Crash

Turkey’s currency exchange rate suffered a 4.6 percent crash versus the U.S. dollar, as international investors interpreted the failed military coup and retaliatory political purge as the end of strong growth and beginning of a period of protracted economic instability in the NATO ally.

The July 15 attempted coup d’etat rocked the capital city of Ankara with gun battles, explosions and an F-16 shooting down a helicopter at the Parliament building. But with President Recep Tayyip Erdogan back in control, he promised cheering throngs that he would punish those behind the takeover attempt.

At least 265 people are dead in the failed Army putsch, led by what government sources referred to as the FETÖ terror organization,” headed by a Saylorsburg, Pennsylvania-based Imam preacher Fethullah Gülen. In a sign of the depth of the coup’s support, NTV television said 34 generals of various grades and at least 3,000 troops had been arrested so far. They include senior figures like Erdal Ozturk, commander of the third army, and the commander of the Malatya-based second army, Adem Huduti.

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3 comments:

Anonymous said...

And I understand they captured 1500 of US troops during the coup? Are we now unable to overthrow a third world country? Why were we doing this in the first place? No lessons learned from Libya. Iraq? Is our CIF incompet...nevermind, we all know the answer...

Anonymous said...

There's evidence that this was a staged coup. Military personnel thought this was a training exercise.

Anonymous said...

8:02
Just like all terror events.
Staged and managed.