Politics of Turkey

Turkish lira down 7% in biggest selloff since 2021 crisis

Turkey's lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021 crash, as the newly-elected government appeared to loosen stabilizing measures in its pivot to more orthodox policies.

The lira has come under pressure since President Tayyip Erdogan was re-elected on May 28. It stood at 22.98 against the dollar at 0735 GMT.

Looking for a rapprochement, but cautiously

Despite the seemingly more positive undertone in the comments made to Kathimerini by Recep Tayyip Erdogan, before Turkey's recent presidential elections, Greece has to remain vigilant, making good use of its deepening alliance with the United States, membership in the European Union and close cooperation with major countries in its region, namely Israel and Egypt.

What to expect from an emboldened Erdogan after the elections

Turkey's President Erdogan officially won re-election this past Sunday. Expert Alan Makovsky joins Thanos Davelis to explore what we should now expect from a newly emboldened Erdogan on both the foreign and domestic front, from Turkey's relationship with the West and the US to his tightening grip on Turkish society.

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