Skip to main content

Why Turkey President Erdogan got irritated?



Two incidents made Turkey's President Recep Tayyip Erdogan feel inconvenienced in the recent past. Erdoğan has a long political history not only in Turkey, but he is also one of the key personalities in the world. Muslim nations consider Turkey leader Erdoğan as their elder brother. But recent political developments in Turkey seem not good for him. The Financial Action Task Force (FATF) has placed Turkey on its grey list over money laundering and terror financing allegations. The second reason is Erdogan bans 10 Western ambassadors including Germany, France, and the United States of America were no longer welcome in Turkey for supporting the release of jailed Turkish businessman and philanthropist Osman Kavala.


A declaration of persona non grata against a diplomat literally means that an individual will be banned from remaining in the country. Turkey President asked the ambassadors should leave the nation if they don’t understand what Turkey is. The move comes a few days after Turkey summoned the ambassadors of the U.S., Germany, France, Canada, Denmark, the Netherlands, Finland, New Zealand, Norway, and Sweden over their joint statement calling for Kavala's release on the fourth year of his detention. The nations feel that merging different cases and creating new ones after a previous acquittal, cast a shadow over respect for democracy.


Earlier this month, FATF said there were serious concerns over Turkey’s financial operations. The ban on Ankara will serve a two-year notice period. FATF warned Turkey in 2019 on measures of freezing assets that were related to terrorism. Turkey has been accused of aiding armed rebels in Syria and supporting Palestinian militants. Putting the Ankara in Grey-list will hit the nation severely on Foreign Direct Investments. Turkey’s friendly nations and Financial Institutions should consider FATF rankings to put their investments in the country. As per an IMF study, a grey-listed nation cut capital inflow by an estimated 7.6% of the country’s GDP. Pakistan is the main victim of Turkey in the grey-list.  Islamabad is relay on Ankara on military and trade business. Pakistan has continued to remain on FATF grey-list for two more years.   
Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Jagan angry on Avanthi Srinivas on Bhimili meeting!

Avanthi Srinivas was joined in YSRCP in January this year. Avanthi joined in YSRCP seeking to contest as Bhimili Assembly segment in 2019 General Elections.
Post a Comment
Read more

Producers demand 18 crores for Ceded for Pavan and Trivikram film

Director Rajamouli showed the path to all other producers on how to sell product (movie) in different ways across the word. Telugu Cinema has vertically divided in two ways Before and after Bahubali. Bahubali proves that there were no boundaries in selling the movie. Other producers who are doing with star heros like Pavan, Mahesh and Jr. NTR will follow Rajamouli in this regard. But there is slight difference with Bahubali and other heros films. Unfortunately, producers and distributors fail to notice the gap. Bahubali is universal movie which was apt to all sections in the world. That is the reason for getting huge collections across the world. We didn't expect the same situation for Prabas's next movie even though his popularity increased with Bahubali. Radha Krishna who produced movies like Julayi and A. AA.. will plan to produce next film with Pavan and Trivikram. Movie was not yet started but distributors rushed toward producer for getting area-wise rights.Obviously, ...
Post a Comment
Read more