Down below you will find a summary of topics from major Turkish papers and internet sites
AK Party says US condemnation of Erdoğan’s Egypt remarks ‘meaningless’
A senior official from the ruling Justice and Development Party (AK Party) has said a recent statement from the White House which condemned Turkish Prime Minister Recep Tayyip Erdoğan’s remarks linking Israel to the coup in Egypt is meaningless for Turkey.
“The US acted as the lawyer of Israel and condemned the statements of Erdoğan on Israel. The statement by the US which has so far failed to condemn the coup [in Egypt] is meaningless to us,” AK Party Deputy Chairman Salih Kapusuz said on his Twitter account on Wednesday.
Washington on Tuesday condemned comments by Erdoğan accusing Israel of having a hand in the Egyptian military's overthrow of the country's first democratically elected President Mohammed Morsi in early July. Erdoğan, who has become one of the fiercest critics of the Egyptian army's removal of Morsi, accused Israel of having a role in Egypt's coup, adding that the Turkish government has evidence to prove Israel's hand in it.
“What is said about Egypt? That democracy is not the ballot box. Who is behind this? Israel is. We have the evidence in our hands," Erdoğan told the members of his Justice and Development Party (AK Party) in Ankara on Tuesday. "That's exactly what happened."
Syria gas 'kills hundreds', Security Council meets
Syria's opposition accused government forces of gassing hundreds of people on Wednesday by firing rockets that released deadly fumes over opposition-held Damascus suburbs, killing men, women and children as they slept. With the dead estimated at between 500 and 1,300, what would be the world's most lethal chemical weapons attack since the 1980s prompted an emergency meeting of the UN Security Council in New York.
While UN Secretary General Ban Ki-moon expressed shock, immediate international action is likely to be limited, with the divisions among major powers that have crippled efforts to quell two and a half years of civil war still much in evidence.
Russia hastened to back up denials from the administration of President Bashar al-Assad by saying it looked like a opposition "provocation" to discredit him. France, Britain, the United States and others called for an immediate on-site investigation by UN chemical weapons inspectors who arrived in the Syrian capital only this week. Moscow, urging an "objective" inquiry, said the very presence of that team suggested government forces were not to blame.
Topbas: Istanbul square to be named "RABIA"
Speaking at the opening ceremony of the Esenler Dortyol Square on Monday, Istanbul Mayor Kadir Topbas said the square will be named Rabia, meaning four or the fourth in Arabic, which has become synonymous with the anti-coup protests in Egypt. Speaking to press members, Topbas said that he would submit an official proposal to the Metropolitan Assembly and Esenler District Assembly to change the new square's name as Rabia. Stating that the idea came from Esenler Mayor Mehmet Teyfik Goksu, Topbas commented on the developments in Egypt, saying, “No power can stand against the will of the people.”
PM to visit Russia and Argentina
Prime Minister Recep Tayyip Erdogan will pay a visit to Russia to attend the G-20 Leaders' Summit to be held in St. Petersburg on September 5 and 6. After attending the G-20 Summit, Erdogan will depart for Buenos Aires to participate in the 125th Session of International Olympic Committee, where the host of 2020 Olympic Games will be officially announced. Istanbul, Tokyo and Madrid are competing to host 2020 Olympics.
Turkish lira hits record low after Fed minutes
Turkey's lira hit a record low on Thursday as investors eyed how the Turkish central bank would react after the US Federal Reserve's July policy meeting minutes showed tapering could start as early as next month.
The lira was hovering at 1.9898 to the dollar by 10 a.m., weakening from 1.9740 late on Wednesday but off a record low of 1.9870 overnight.
Emerging markets again bore the brunt of the selling pressure as many have come to rely on cheap dollars to underpin domestic demand and fund current account deficits.
Turkey is particularly vulnerable, being heavily dependent on foreign inflows to finance its gaping current account deficit, running at over 7 percent of national output.
Union of Chambers head warns firms against debt
Turkish companies should receive fewer loans and should use more of their own equities, Turkey’s Union of Chambers and Commodities Exchanges (TOBB) head Rifat Hisarcıklıoğlu said yesterday.
“We have all seen strong signals showing that the United States Federal Reserve (FED) will start to taper quantitative easing by September. To be sure, this will negatively affect the global liquidity. Companies which do not have foreign currency gains therefore should not take an open position on currencies,” he said.
The decreasing trend liquidity in global markets has negatively affected interest rates in Turkey.
22.08.2013
SOURCE: MEDIA
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