I don't dispute that its a beautiful and laid back country.
If Sarkozy wins in France, does that mean a hard line by the Elysee Palace on the chances for Turkish accession to the E.U.? Maybe. The recent price rise has been partially predicated by the expectation of Turkey joining the E.U. Remember that the French Parliament has already made the 1915 Armenian massacres an issue between Paris and Ankara.
Secondly - The Turkish Parliament has just called for a general election on 22nd July. What happens if the Turkish people re-elect the current government with a bigger majority? How would that affect the constitutional argument about the presidency? How would the armed forces react?
With all these uncertainties should an investor still be long Turkish Lira currency or assets or does he take the risk off the table and wait and see what happens.
For me there are many more sensible places to invest one's hard earned money at present.
Thats not to say Turkey won't prove to be a good long-term investment but current climate not the best.
I don't dispute that its a beautiful and laid back country.
If Sarkozy wins in France, does that mean a hard line by the Elysee Palace on the chances for Turkish accession to the E.U.? Maybe. The recent price rise has been partially predicated by the expectation of Turkey joining the E.U. Remember that the French Parliament has already made the 1915 Armenian massacres an issue between Paris and Ankara.
Secondly - The Turkish Parliament has just called for a general election on 22nd July. What happens if the Turkish people re-elect the current government with a bigger majority? How would that affect the constitutional argument about the presidency? How would the armed forces react?
With all these uncertainties should an investor still be long Turkish Lira currency or assets or does he take the risk off the table and wait and see what happens.
For me there are many more sensible places to invest one's hard earned money at present.
Thats not to say Turkey won't prove to be a good long-term investment but current climate not the best.
Just my view.