Turkey must be held accountable for its aggressive actions in northern Syria. I applaud the House for coming together to pass these sanctions and look forward to the Senate following suit. Congress must step up and stand up for our Kurdish allies.
Trump's envoy told me Turkey would suffer consequences if it’s proxies attacked beyond Pence-Erdogan "safe zone."
Just another empty threat.
Turkish fighters are attacking with impunity beyond 30km line—but no action from Trump. Senate must hold Erdogan and Trump accountable.
A senior Congressional staff who had worked on one of these sanctions bills said such a provision for Erdoğan had been included in this draft bill bc "we are just trying to get a sense of the kind of under-the-table corruption that may or may not exist.”
https://t.co/u93fEhI8Bn
Argentina and Lebanon are in focus as they are experiencing tight external funding conditions. They're both using capital controls to manage the situation. As a result, their currencies are trading higher in the black market. For the time being, the spread is larger in Argentina.
Our fair value for $/TRY has been 5.50 since early 2018. On the positive side, Turkish Lira has traded very well with a number of material, negative shocks recently. On the negative side, $/TRY has stayed stubbornly above 5.50 since the large credit expansion in Q1 of this year.
Ready to take up House bill as passed!
Awesome bipartisan takedown of Turkey’s invasion just occurred in the House with overwhelming support from Democrats and Republicans – 403-16.
Current state of Turkish/US relations
• Lawsuits against Turkish state owned Halkbank, Erdogan bodyguards
• Ankara got ejected from F-35
• House recognises the Armenian Genocide
• Congressional sanctions threats
• Pentagon fumes over Syria
• Clashing on East Med
Chairman of House Committee, @RepEliotEngel is now speaking about the sanctions against Turkey bill on the Floor.
The bill also request a report on estimated net worth & known sources of income of Pres Erdogan & family
Background on the sanctions bill: https://t.co/kPTkEWDHvK
BP BREAKING| A breaking report reveals serious systemic failures to LAW AND ORDER on Abaco in the aftermath of Hurricane Dorian. Police abandoned the Marsh Harbour Police station with guns, ammunition, money, and evidence all inside. WELL, WHAT IS THIS? Standby... #dorian
Grand Bahama International Airport destroyed!
BP BREAKING| Well more news comes from the Cabinet of the Bahamas - Hutchison Whampoa with revenues of more than $54 BILLION has communicated to the Minnis Government that it will not rebuild the Grand Bahama International Airport!