Erdogan's Ottoman Gambit: Turkey Prepares for New Regional Order

Turkey, under President Erdogan, is reportedly pursuing an 'Ottoman Gambit' by divesting from US Treasuries, strengthening energy ties with Russia, and implementing tax reforms to attract investment, signaling a shift towards a new regional order.

28 Jul, 07:30 — 28 Jul, 07:30

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zerohedgeLow2h ago

Erdogan's Ottoman Gambit: Turkey Prepares For New Regional Order

Erdogan's Ottoman Gambit: Turkey Prepares For New Regional Order Authored by Chris Macintosh via InternationalMan.com, Turkey is simultaneously dumping US Treasuries, deepening Russia’s energy embrace, rolling out a tax regime to poach capital fleeing the Gulf… and squaring off against an Israeli political class that now speaks openly of Turkey as an enemy. It’s strategic. Turkey sold nearly all of its US Treasury holdings in March — cutting them from $16 billion to just $1.8 bi...

By Tyler Durden

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Erdogan's Ottoman Gambit: Turkey Prepares for New Regional Order

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Erdogan's Ottoman Gambit: Turkey Prepares For New Regional Order

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