ІНСАЙДЕР УКРАЇНА

A bridge over an industrial area in the Italian city of Genova partially collapsed during a sudden and violent storm on Tuesday, leaving vehicles crushed in the rubble below.

Italian media reported that there were deaths, but Maria Luisa Catalano, a police official in Genoa, said that authorities were still involved in rescue efforts and did not yet know the number of victims or injured.

The disaster occurred on a highway that connects Italy to France and other vacation resorts on the eve of a major Italian holiday on Wednesday, Ferragosto, and traffic would have been heavier than usual as many Italians traveled to beaches or mountains.

The transport minister, Danilo Toninelli, called the collapse “an enormous tragedy.”

The private broadcaster Sky TG24 said that a 200-meter section of the Morandi Bridge collapsed over an industrial zone. Firefighters told The Associated Press that there are concerns about gas lines.

Photos published by the ANSA news agency on its website showed a huge gulf between two sections of the bridge.

Video captured the sound of a man screaming: “Oh god, oh, god.” Other images showed a green truck that had stopped just meters (yards) short of the gaping hole in the bridge.

Interior Minister Matteo Salvini said some 200 firefighters were responding to the accident.

“We are following minute by minute the situation for the bridge collapse in Genoa,” Salvini said on Twitter.

The Morandi Bridge was inaugurated in 1967. It is 90 meters (yards) high, just over a kilometer (about three-quarters of a mile) long, with the longest section between supports measuring 200 meters (yards).

The bridge is a main thoroughfare connecting the A10 highway that goes toward France and the A7 highway that continues north toward Milan.

ANSA said that authorities suspected that a structural weakness caused the collapse on Tuesday.
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Police in London say a man crashed a car into a group of pedestrians and cyclists before hitting a set of barriers outside of Britain’s Houses of Parliament on Tuesday, causing a number of injuries.

Authorities said officers arrested the male driver of the car on suspicion of terrorist offenses. They said there were no other people in the car, and that they did not find any weapons. They put his age as being in his late 20s.

“It certainly appears to be a deliberate act, but what the motivation is we can’t say,” London Assistant Commissioner Neil Basu told reporters.

Basu said the suspect is not cooperating with police as they try to establish both the man’s identity and motive.

He said that based on what investigators know so far, the suspect does not appear to be someone who was previously known to British counterterror or intelligence agencies.

President Donald Trump reacted to the incident on Twitter, saying “Another terrorist attack in London…These animals are crazy and must be dealt with through toughness and strength!”

The London Ambulance Service said it treated and transported two people to a hospital, and that neither had injuries that were life-threatening. Basu later said one of the people was being treated for serious injuries, while the second had been released from the hospital. A third person was treated at the crash site.

The area around the crash was closed off, as was a subway station close to the parliament grounds. Parliament is not currently in session.

Last year, a man drove a car into pedestrians on nearby Westminster Bridge, killing four people there before stabbing to death a police officer outside parliament. Police shot that attacker dead.
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The Turkish lira has fallen more than 40 percent since the start of the year, 20 percent just last week, amid rising tensions between the U.S. and Turkey, and international investors’ concerns over the economy.  For Turkey, the dramatic collapse of the currency signal fears for the future, as Dorian Jones reports from Istanbul.

Fruit and vegetable sellers, along with fishmongers, try to drum up business in Istanbul’s old Kadikoy market.  But trade is slow. Most people just look and walk on.

Organic shopkeeper Meltem worries for the future.

She says she is pessimistic about the future because prices will rise and the ability of people to purchase will decrease. She adds that as money in their pockets decreases, people in hardship will buy much less than before.

The fear of plummeting currency values, which continued on markets Monday, will stoke Turkey’s already double-digit inflation, which appears to be the top concern among shoppers.  Turkey relies heavily on imports, especially for energy.

Thirty-year-old Tariq, a teacher doing his weekly shopping, says he is cutting back on spending as he prepares for difficult times ahead.

He says the lira has fallen heavily and predicts unbelievable inflation because Turkey imports so much.  He says everybody in Turkey is afraid the coming inflation, especially for heating bills, will make this winter hard.

Across the street, fishmonger Huseyin proudly displays what he claims is the finest turbot in Istanbul and tries to be more positive. He acknowledges there will be problems. 

He says he does not have much to do with dollars, because if more fish are caught, they are cheaper, if less they are more expensive. But he says buyers may be affected if they are having economic difficulties.  He says if there is a good quantity of fish, then he will keep selling.

Shopkeeper Meltem warns of economic uncertainty ahead.

She says the future does not look good, because when people are hungry, they will be tempted to steal and may choose illegal means to survive.  She said things will not be any good. Many stores are closing because there is no trade anymore.

Turkish President Recep Tayyip Erdogan said Monday an international conspiracy is responsible for undermining the currency, but says the financial fundamentals of the economy remain strong, and order will soon return to the markets.  

Such claims have been met with skepticism by international investors, while many economists warn the damage may have already been done to the economy, and difficult times lie ahead. 
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Turkey’s central bank failed to halt the slide of the country’s lira currency on Monday as Turkish President Recep Tayyip Erdogan accused the United States of purposely trying to damage his country’s economy.

“We are together in NATO and then you seek to stab your strategic partner in the back. Can such a thing be accepted?” Erdogan said in the capital, Ankara.

The Turkish lira has plunged 40 percent this year, dropping 16 percent Friday and tumbling another seven percent Monday, trading at 6.9 to the dollar, up slightly from its low point.

The Turkish central bank said it would take “all necessary measures” to stabilize the country’s economy to make sure the banks have all the money they need. But world stock traders were dismayed the bank did not raise interest rates, which is what many economists believe is necessary to ease the crisis.

U.S. President Donald Trump doubled tariffs on Turkish steel and aluminum exports last Friday, in part a response to Turkey refusing to release American pastor Andrew Brunson, whom Turkey accuses of espionage.

Brunson has been detained under house arrest pending his trial. Trump has called the preacher’s detention a “total disgrace.”

Erdogan said Turkey is facing an “economic siege,” calling the decline of the lira an “attack against our country.” Yet he remained optimistic, saying “it is not at all like we sank and we are finished .The dynamics of the Turkish economy are solid, strong and sound and will continue to be so.”

On Sunday, speaking to political supporters Erdogan said “the aim of the operation is to make Turkey surrender in all areas, from finance to politics. We are once again facing a political, underhand[ed] plot. With God’s permission we will overcome this.”

“What is the reason for all this storm in a tea cup?” he said.”There is no economic reason for this … This is called carrying out an operation against Turkey.”

Erdogan renewed his call for Turks to sell dollars and buy lira to boost the currency, while telling business owners to not stockpile the American currency.

“I am specifically addressing our manufacturers: Do not rush to the banks to buy dollars,” he said. “Do not take a stance saying, ‘We are bankrupt, we are done, we should guarantee ourselves.’ If you do that, that would be wrong. You should know that to keep this nation standing is … also the manufacturers’ duty.”

Erdogan signaled he was not looking to offer concessions to the United States or financial markets.

“We will give our answer, by shifting to new markets, new partnerships and new alliances,” he said.

Erdogan has in recent years built closer ties with countries in Latin America, Africa, and Asia. “Some close the doors and some others open new ones,” he said.

He indicated Turkey’s relationship with Washington was imperiled.

“We can only say ‘goodbye’ to anyone who sacrifices its strategic partnership and a half-century alliance with a country of 81 million for the sake of relations with terror groups,” he said.”You dare to sacrifice 81-million Turks for a priest who is linked to terror groups?”

If convicted, Brunson, the pastor, faces a prison term of 35 years.
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Italy’s transport minister says Britain should take in 141 migrants picked up by a rescue ship that sails under the flag of the British territory of Gibraltar.

Italy continues to refuse port to ships run by humanitarian groups, and Danilo Toninelli said Monday on Twitter that Britain should take responsibility for the migrants aboard the Aquarius, operated by French humanitarian groups.

Toninelli said the rescue was coordinated by the Libyan coast guard and that the ship was now in Maltese waters.

The French aid groups SOS Mediterranee and Doctors Without Borders have called on European nations to identify a close port of safety so the 141 migrants picked up in two rescues Friday could disembark. Most of the migrants are from Somalia and Eritrea and include 67 unaccompanied minors.
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Greek authorities have ordered the evacuation of two villages and a monastery on the island of Evia near Athens after a large fire broke out in a dry pine forest on Sunday.

Agriculture minister Vangelis Apostolou, who is on the scene, told reporters that fire crews are bracing for an all-night struggle.

“Forces from the entire region have been transferred here,” Apostolou said.

Traffic on the main road that runs the length of the 180-kilometer island has been stopped and travellers are being asked to take ferries rather than drive near the blaze.

Greece is still mourning the 94 people killed in a wildfire near the coastal resort of Mati near Athens on July 23. More than 30 people are still hospitalized, several in critical condition.

The country’s worst fire calamity prompted the ouster of the heads of police and fire brigades, in addition to the minister responsible for state security.

 
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Turkish President Recep Tayyip Erdogan, embroiled in a bitter dispute with the U.S., a NATO ally, contended Sunday the plunging value of his country’s lira currency amounted to a “political plot” against Turkey.

Erdogan, speaking to political supporters in the Black Sea resort of Trabzon, said, “The aim of the operation is to make Turkey surrender in all areas, from finance to politics. We are once again facing a political, underhand plot. With God’s permission we will overcome this.”

U.S. President Donald Trump has feuded with Erdogan over several issues, including the detention of an American pastor in Turkey, whom Turkey has held since 2016 and accused of espionage. Turkey last month released the evangelical preacher from a prison, but is still detaining him under house arrest pending his trial, despite the demands of the U.S.

With the dispute intensifying, Trump on Friday doubled steel and aluminum tariffs on Turkey, sending the beleaguered lira plunging 16 percent, part of a 40 percent plummet for the currency this year. In early Asian trading Monday, the lira fell to a record low of 7.06 against the dollar.

“What is the reason for all this storm in a tea cup?” Erdogan said. “There is no economic reason for this … This is called carrying out an operation against Turkey.”

Erdogan renewed his call for Turks to sell dollars and buy lira to boost the currency, while telling business owners to not stockpile the American currency.

“I am specifically addressing our manufacturers: Do not rush to the banks to buy dollars,” he said. “Do not take a stance saying, ‘We are bankrupt, we are done, we should guarantee ourselves.’ If you do that, that would be wrong. You should know that to keep this nation standing is … also the manufacturers’ duty.”

Erdogan signaled he was not looking to offer concessions to the United States, or financial markets.

“We will give our answer, by shifting to new markets, new partnerships and new alliances,” said Erdogan, who in recent years has built closer ties with countries in Latin America, Africa and Asia. “Some close the doors and some others open new ones.”

He indicated Turkey’s relationship with Washington was imperiled.

“We can only say ‘good-bye’ to anyone who sacrifices its strategic partnership and a half century alliance with a country of 81 million for the sake of relations with terror groups,” he said. “You dare to sacrifice 81-million Turkey for a priest who is linked to terror groups?”

American pastor Andrew Brunson, if convicted, faces a jail term of 35 years. Trump has described his detention as a “total disgrace” and urged Erdogan to free him immediately.
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A European rescue group says migrants stranded in the Mediterranean told it five ships passed them by and refused to help until one of the group’s ships finally picked them up Friday.

“It seems the very principle of rendering assistance to persons in distress at sea is now at stake,” Aloys Vimard of the group SOS Mediterranee said Sunday. “Policies designed to prevent people from reaching Europe at all costs are resulting in more suffering and even riskier journeys to safety for people who are already highly vulnerable.”

Vimard said ships may be leaving migrants at sea because they are afraid of being denied permission to dock in places of safety.

SOS Mediterranee, working with Doctors Without Borders, picked up 141 migrants Friday stuck in rickety wooden boats off the Libyan coast.

It says most came from Somalia and Eritrea and had been held in inhumane conditions in Libya before taking off. Many were suffering from malnutrition.

Libya said it was refusing to let the group’s ship, the Aquarius, dock. As of late Sunday, the Aquarius was still at sea, trying to find a place for the migrants.

SOS Mediterranee is urging European governments to heed international maritime law and allow ships to head to closest point of safety so migrants picked up at sea can get help.

It says all governments must recognize “the gravity of the humanitarian crisis in the Mediterranean.”

Thousands of people from sub-Saharan Africa and countries such as Syria and Afghanistan try crossing the Mediterranean every year to escape war, terrorism, and poverty for a better life in the European Union.
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Talk about going green. One British soccer team has made it its goal to become the first professional sports team in the world to be certified carbon neutral. It’s an official designation recently awarded to the team by the Secretary in charge of Climate Change at the United Nations. But that’s not all. The team may also be the world’s first 100 percent vegan football club. VOA Correspondent Mariama Diallo has more.
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There’s an abundance of seahorses in a remote gulf off the coast of northeastern Greece … and scientists are not exactly sure why. Although seahorses exist in Greece’s seas, scientists say it’s unusual to find a stable and continued presence for a protected species ravaged by overfishing throughout the Mediterranean Sea. Local divers are enthralled by the elegant creatures and are going to great lengths to document their presence and advocate for their protection. VOA’s Julie Taboh has more.
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Iran’s official IRNA news agency is reporting that China’s state-owned petroleum corporation has taken a majority share of the country’s South Pars gas project after French oil and gas company Total announced it would pull out because renewed U.S. economic sanctions against Iran.

The Saturday report quotes Mohammad Mostafavi, an official in Iran’s state oil company, as saying CNPC now owns 80 percent of the shares in the $5 billion project, having bought shares from Total.

CNPC originally had about 30 percent of shares in the project.

The renewal of U.S. sanctions took effect on Tuesday.
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U.S. President Donald Trump spoke Friday with French President Emmanuel Macron about trade, Iran and the Middle East, the White House said.

Trump, who is vacationing at his New Jersey golf club, said on Twitter that he had discussed “various subjects” with Macron in a “very good” phone call.

The two leaders discussed “a broad range of trade and security issues, including the situation in Iran and the broader Middle East,” the White House said in a statement.

The Elysee Palace said in a brief statement the two leaders discussed Syria, Iran and the Israel-Palestinian conflict, but did not mention trade.

Trump and Macron last met at a NATO summit in Brussels in July, where the U.S. president chastised members of the alliance that have not met its military spending targets.

At the summit, Macron said France would meet the NATO goal of spending 2.0 percent of gross domestic product on defense by 2024. Trump caused an

uproar when he pressed alliance members to reach the target by January.

On trade, the United States and the European Union are embroiled in a spat after Trump imposed tariffs on imports of aluminum and steel from France and other countries. The EU responded with retaliatory tariffs on some U.S. goods.

Trump had also threatened to impose tariffs on EU auto imports but reached an agreement to hold off on taking action after meeting with European Commission President Jean-Claude Juncker at the White House last month.

Macron and Trump are at odds over the U.S. decision to withdraw from the Iran nuclear deal and reimpose sanctions on Tehran. Trump tweeted this week that companies doing business in Iran would be barred from doing business in the United States.

Among large European companies that have suspended plans to invest in Iran after the U.S. action are France’s oil major Total and its big carmakers PSA and Renault.

In the Middle East, France opposed Trump’s decision to move the U.S. Embassy to Jerusalem from Tel Aviv.
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The campaign strategist for Ukrainian President Petro Poroshenko’s 2014 election bid says Paul Manafort’s offer to guide the nascent political campaign was rejected because it would have further divided Ukrainians in the wake of deadly clashes of the Maidan revolution that ousted pro-Kremlin leader Viktor Yanukovich, Manafort’s former boss.

Questions about Manafort’s role in the current Ukrainian president’s election surfaced during questioning at Manafort’s trial, which is under way in U.S. District Court in Alexandria, Virginia.

Manafort, who briefly chaired President Donald Trump’s 2016 campaign, is facing charges of violating tax laws and laundering money that stem from his work in Ukraine under Yanukovych.

Manafort’s former business partner and deputy in Ukraine, Rick Gates, who also worked for Trump, recently testified that Manafort was assisting Poroshenko shortly after Yanukovych was ousted in the populist revolution.

On Wednesday, Poroshenko’s former campaign spokeswoman Darya Khudyakova denied any relationship with Manafort, saying, “We had a meeting, yes, but no relationship” with Manafort’s firm.

Ukrainian legislator Ihor Hryniv, who served as Poroshenko’s 2014 campaign strategist, said Manafort initiated the meeting with Poroshenko’s team immediately after payments from the ousted Yanukovych regime stopped. 

“I did not know him prior to the meeting and did not try to get such a meeting,” Hryniv told VOA’s Ukrainian service on Friday.

“Manafort offered his services in early March,” Hryniv added. “I believe he wanted to stay in Ukraine and work here. He understood that Poroshenko was the winning candidate, which was almost clear at this point, so he bet on the favorite. It is very easy to help when your candidate’s rating is 55 percent, not 4 percent.”

That strategy that Manafort offered Poroshenko’s team, Hryniv said, would have further divided a country still recovering from a bloody mass uprising that toppled the Russia-backed regime and brought a pro-Western government to power. 

“In brief, Manafort’s strategy was [for Poroshenko] to position himself as the candidate from the west and try to push his competitor out further to the east, and then gain the momentum and use the votes of western Ukraine to win,” Hryniv said.

“Our strategy of choice, to the contrary, was to promote unification of Ukraine,” he added. “To pull it together and ensure that the candidate had support of the whole country. This was the winning strategy for the first round.”

Hryniv refuted the earlier allegations that Manafort could have worked for the campaign without pay, as Gates’ testimony implied.

“I would like to see Manafort working free of charge,” Hryniv said.

To this day, eastern Ukraine and the Black Sea peninsula of Crimea remain occupied by Russian-backed forces, and citizens are still battling the corruption that the Euromaidan demonstrations sought to purge.

This story originated in VOA’s Ukrainian service.  Oksana Lihostova and Myroslava Gongadze contributed reporting from Washington.
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A U.S. federal grand jury has indicted a U.S. citizen for attempting to join the Islamic State group.

The grand jury in Chicago charged Faress Shraiteh with conspiracy to provide material support to the Islamic State and other crimes.

Shraiteh is a U.S. citizen who used to live in Chicago and now lives in Israel.

According to the indictment, Shraiteh and two other people began trying to join the Islamic State in 2014 and traveled to Egypt the following year. The three then traveled to Turkey, but Shraiteh was not allowed to enter the country and instead flew to Israel, where he has family.

The indictment says one of Shraiteh’s traveling companions later died carrying out a suicide attack on behalf of Islamic State militants. It said Shraiteh was trying to renew his passport so he could continue his plans to join Islamic State.

Prosecutors allege that Shraiteh knew IS was a terrorist organization when he conspired to join it.

Shraiteh could face decades in prison if found guilty of the charges against him.
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U.S. President Donald Trump further escalated tensions with Turkey Friday by announcing a sharp increase in tariffs on steel and aluminum imports in an early morning post on Twitter.

In announcing 20 percent tariffs on aluminum and 50 percent tariffs on steel, Trump said “the Turkish Lira, slides rapidly downward against our very strong Dollar!”

Trump’s announcement came two days after a Turkish diplomatic delegation visited Washington in a bid to to ease tensions between the two countries.

Analysts have warned that rising U.S.-Turkish tensions are threatening a financial crisis in Turkey.

On Monday, the Turkish lira suffered its most significant drop in a decade following reports the Trump administration was considering ending Turkey’s duty-free access to the U.S. market. Trump’s Friday tweet caused a further drop in the Turkish currency.

U.S.-Turkish tensions began to escalate last week, with Trump targeting two Turkish ministers with sanctions over the detention of U.S. pastor Andrew Brunson. Brunson is currently under house arrest in Turkey while standing trial on terrorism charges.

The White House dismisses the charges as baseless and accused Ankara of hostage taking.

Saying Friday Turkey faced “an economic war,” Turkish President Recep Tayyip Erdogan urged citizens to support the lira by exchanging foreign money for the local currency.

“If you have dollars, euros or gold under your pillow, go to banks to exchange them for Turkish lira,” he said on national television. “It is a national fight.”

Erdogan called on Turks to not be concerned about exchange rate movements, mockingly declaring “the dollar, the mollar will not cut our path.”

Erdogan added that Turkey was not afraid of “threats” and said it had many alternative sources of economic cooperation “from Iran, to Russia, to China, and some European countries.”
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The Russian ruble fell to its lowest level against the dollar in almost two years after the U.S. imposed new sanctions on Moscow Wednesday over the poisoning of a former Russian spy and his daughter in Britain. Russia has denied a role using novichok, and Moscow on Thursday called the measure illegal under international law and announced retaliatory measures of its own. VOA’s Zlatica Hoke reports that Russians have reacted stoically to the additional sanctions.
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Russia has denounced a new round of U.S. sanctions over its alleged chemical weapons use, and says it runs counter to the “constructive atmosphere” at last month’s summit between President Donald Trump and Russian President Vladimir Putin in Helsinki. U.S. State Department officials say the new sanctions were triggered automatically in response to the poisoning of a former Russian agent and his daughter in Britain. VOA’s diplomatic correspondent Cindy Saine reports from the State Department.
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Montenegro on Thursday issued an international arrest warrant for a former CIA agent for alleged involvement in what the government said was a failed pro-Russia coup designed to prevent the Balkan country’s NATO membership.

Montenegro’s state TV said that prosecutors want the extradition of Joseph Assad, a U.S. citizen born and raised in Egypt, on charges of participating in a criminal enterprise led by two Russian military spy agency officers.

The Russians and 12 others, mostly Serbs, are on trial in Montenegro over the alleged election day plot in October 2016 that included plans to assassinate then-Prime Minister Milo Djukanovic, storming parliament and taking over power. The Russians are being tried in absentia.

Montenegro’s prosecutors are investigating whether Assad was hired to help the 14 suspects on an escape plan. He was named during testimony by another former CIA agent at the trial.

Assad has reportedly refused to testify and denied wrongdoing.

Assad and his wife, Michele, both former U.S. counter-terrorism officers, gained international attention when U.S. media said they helped more than 100 Iraqi Christians to escape Islamic State group violence and flee to Europe as refugees in 2015.

Assad’s whereabouts are currently unknown. He is said to be heading an Abu Dhabi-based security agency.

Montenegro joined NATO last year despite strong opposition from its longtime Slavic ally Russia. Moscow has denied accusations that it took part in the plot.
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The value of the Turkish lira hit a record low Thursday amid reports of a deadlock during talks in Washington between Turkey and the United States.

The lira has fallen more than 10 percent since last week, when Washington imposed sanctions against two Turkish ministers who have detained American Pastor Andrew Brunson.

“I would assume the Americans have now understood that they have the upper hand over Turkey,” said analyst Atilla Yesilada of Global Source Partners. “They have got Turkey where it hurts, i.e., the threat of financial sanctions.”

Analysts say international investors were already jittery over Turkey’s debt-fueled growth and rampant inflation, along with President Recep Tayyip Erdogan’s unorthodox economic policies.

Then on Monday, a sell-off in the lira was touched off by reports that the Trump administration was considering ending Turkey’s duty-free access to the U.S. market. The lira recovered a bit upon news of the diplomatic visit but began to slide again when initial reports of a U.S.-Turkish agreement were contradicted.

“Just a series of errors have killed investors’ confidence. The Brunson case and American sanctions were the straw that broke the camel’s back,” Yesilada said.

Under house arrest

Washington is demanding Brunson’s immediate release. He has been under house arrest while standing trial on terrorism charges. Washington dismissed the allegations as baseless, accusing Ankara of hostage-taking. U.S. diplomats are also reportedly pushing for the release of a number of jailed American citizens, along with three local employees working at U.S. diplomatic missions in Turkey.

“The kind of progress that we want is for Pastor Brunson, our locally employed staff and other Americans to be brought home. That’s the real progress that we’re looking for, and obviously, we’re not there yet,” U.S. State Department spokeswoman Heather Nauert said Tuesday.

The Turkish delegation in the U.S., led by Deputy Foreign Minister Sedat Onal, is pushing for concessions from Washington over Turkish state lender Halkbank. The bank is facing a significant fine after a New York court this year convicted a senior executive, Mehmet Hakan Atilla, of violating U.S. Iranian sanctions. Ankara is also lobbying for the return of Atilla, who is serving a 32-month sentence in a U.S. jail.

Media reports that Ankara reneged last month on a deal for Brunson’s release have severely undermined Turkey’s bargaining position, said international relations expert Soli Ozel of Istanbul’s Kadir Has University.

“The non-release of the priest was a breach of contract in Washington’s eyes, and that’s why the response was furious. All those who were aligned to make things well with Turkey have turned against Turkey,” Ozel said.

‘New economic model’

In a bid to restore calm to the financial markets, Berat Albayrak, Turkey’s minister of finance and treasury, announced that a “new economic model would be unveiled” Friday.

His statement said the program would seek to rein in debt-fueled growth and target inflation — critical demands imposed by international investors. In the wake of the announcement, there was a momentary pause in the lira’s decline before it continued to fall.

Analysts point out that the continuing slide of the Turkish currency indicates that time is not on Ankara’s side.

“It’s do or die. Essentially, we are at the very brink of a currency or balance-of-payments crisis,” Yesilada said. “We are inches away from a major run on the Turkish lira. Foreign investors and domestic consumer confidence are at zero.

“Nothing less than a statement from the White House that the crisis has been resolved and no more sanctions are in the pipeline for Turkey would end the painful collapse of the currency. Statements from Ankara won’t do it. Ankara doesn’t have any credibility.”
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