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Cetinkaya’s departure deals a blow to the bank’s independence, putting monetary policy firmly in the hands of Erdogan, who adheres to the principles of Islamic finance, which prohibits the charging of interest. And it leaves his minister of economy and finance, who is also his son-in-law, peddling the usual conspiracy theories about supposed foreign enemies trying to bring the country to its knees. The Islamic roots of this zero-interest-rate policy worsen the situation.

A Central Bank as the Symbol of Turkey’s Political Thriller

As Turkey continues to forge its own economic and political path, the issue is how much more damage the current system of governance will inflict on the country, and how long and costly fixing the destruction will be

Kim Jong Un told Trump that "I did not expect to see you at this place," before reminding him he would be the first U.S. president to cross into North Korea. Kim could be seen clapping when Trump actually stepped onto North Korean territory.Later, while being questioned by American reporters, Kim lauded Trump for a "determined and courageous visit" designed to "bring an end to the unpleasant past."

Trump scores big at trip to Asia, G20 and North Korea summit

In a made-for-television event with more symbolism than substance, President Donald Trump met Sunday Kim Jong Un in the Demilitarized Zone between North and South Korea and became the first U.S. president to step onto North Korean territory

In short, our mission is simple, albeit not easy: throughout the entire six months of the exhibition, to offer artists a place where they can dialogue as freely as possible and offer visitors an intense encounter with art.

Paolo Baratta: "We must go against the mainstream of the moment"

The President of La Biennale di Venezia, Paolo Baratta, speaks to EBR about the 58th International Art Exhibition

European diplomats and Japan’s Prime Minister Shinzo Abe have traveled to Tehran in a bid to rescue the deal, which Iran has threatened to disown, and to reduce tensions between Washington and Tehran. But so far, to no avail. This is because the political dynamics surrounding the deal have fundamentally changed since Barack Obama left the White House in 2017. The new circumstances show how the Europeans have no political or strategic influence either in rescuing the nuclear deal in particular or in stabilizing the region in general.

Europe’s Absence in the Middle East

The dangerous standoff between Iran and the United States has exposed Europe’s political and strategic weakness and its inability to exert any influence in the region

True, Africa has problems. At the moment, there is political turmoil in Sudan, an outbreak of Ebola in the Democratic Republic of Congo which has spread to neighbouring Uganda and warnings of rising food insecurity in the Lake Chad Basin, Central African Republic, Congo, Somalia, and South Sudan.These and other crises must be dealt with. But European policymakers must be wise enough – and bold enough - to look beyond the emergencies and headlines.

It’s time for Africa

There’s more to Africa than alarming headlines. And there’s more to Europe-Africa relations than the EU’s obsessive focus on African migration

MORE ARTICLES

Spain extradites Taiwanese nationals to China contrary to EU concerns about human rights situation

By: N. Peter Kramer | Tuesday, June 18, 2019

A new trade deal between Trump and Xi?

By: EBR | Thursday, June 13, 2019

Georgia is a country on the up

By: EBR | Thursday, June 13, 2019

Turkey’s Three Moments of Truth

By: EBR | Thursday, June 13, 2019

Who gains when the US and China fight over trade?

By: EBR | Friday, June 7, 2019

Why Biden is leading the Democratic candidates pack and frightening Trump

By: N. Peter Kramer | Wednesday, June 5, 2019

Shunning far right tactics: countering Islamophobia in five easy steps

By: EBR | Tuesday, June 4, 2019

Africa is creating one of the world’s largest single markets. What does this mean for entrepreneurs?

By: EBR | Friday, May 10, 2019

Why is the white hot Chinese tech sector cooling down?

By: EBR | Friday, May 10, 2019

One of the most influential world thinkers on strategy execution and the key-note speaker, Mr. Jeroen De Flander is coming to Split, Croatia

By: EBR | Wednesday, May 8, 2019

EU Needed Now to Lead on Press Protection

By: EBR | Monday, May 6, 2019

Populism and the embrace of complexity

By: EBR | Tuesday, April 30, 2019

Set ‘deal of the century’ new baseline for Mideast diplomacy?

By: EBR | Tuesday, April 30, 2019

The 16+1 framework and the future of EU-China relations

By: EBR | Tuesday, April 23, 2019

These are the world’s most fragile states in 2019

By: EBR | Friday, April 19, 2019

Russia’s Social Awakening: A New Challenge for the EU

By: EBR | Thursday, April 18, 2019

Are the World Bank and IMF Failing the World?

By: EBR | Monday, April 15, 2019

How crucial are the India elections for Prime Minister Modi?

By: EBR | Thursday, April 11, 2019

Erdogan’s Four Challenges

By: EBR | Thursday, April 4, 2019

Erdogan At a Crossroad

By: EBR | Wednesday, April 3, 2019

Erdogan loses Istanbul and Ankara

By: EBR | Tuesday, April 2, 2019

NATO Secretary-General Stoltenberg meets Trump to address the evolving challenges the Alliance faces

By: EBR | Monday, April 1, 2019

The Witch Hunt is over, millions of taxpayer dollars wasted and dirtiest political trick in modern US history came to an end

By: EBR | Tuesday, March 26, 2019

Time for NATO to Talk About China

By: EBR | Tuesday, March 26, 2019

Pages: Next

Europe

An open letter to Europe’s leaders

2019 is a critical year for Europe. The rise of populist, nationalistic agendas has called into question the raison d/etre of the European project and core European liberal values

Business

Here’s how a trade war between the US and China could reshape the global order

US-China trade tensions have negatively affected consumers as well as many producers in both countries. The tariffs have reduced trade between the US and China, but the bilateral trade deficit remains broadly unchanged

Editor’s Column

Brits, Boris and Brexit

By: N. Peter Kramer

‘Brussels’ politicians, eurocrats and the unconditionally pro-EU media (almost all) are telling us, time after time, how bad Brexit is for the British people. Much, much worse than for those left behind

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