Friday, 16 November, 2018

US rejects Turkey's offer to release pastor

US Charge d'Affaires Jeffrey Hovelier has visited US pastor Andrew Brunson who is being held under house arrest in Izmir US Charge d'Affaires Jeffrey Hovelier has visited US pastor Andrew Brunson who is being held under house arrest
Orlando Vargas | 22 August, 2018, 19:16

Turkish President Tayyip Erdogan attends a news conference in Ankara, Turkey, on August 14, 2018.

"The attack on our economy has absolutely no difference from attacks on our call to prayer and our flag", he said referring to the recent Turkish currency crisis, triggered by usa economic pressure. The sell-off has spread to other emerging market currencies and global stocks in recent weeks.

The move by Trump to double tariffs imposed on Turkish steel and aluminum imports into the USA came after Erdogan refused to release jailed American pastor Andrew Brunson, who has been locked up in Turkey for two years.

"There is no difference between the attack on our economy and the attack on our prayer and our flag".

U.S. National Security Adviser John Bolton told Reuters during a visit to Israel that Ankara "made a big mistake in not releasing Pastor (Andrew) Brunson".

Erdoğan stopped short of naming specific countries or institutions but in the past has blamed a so-called "interest rate lobby", Western ratings agencies and financiers.

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Brunson, originally from North Carolina, has lived in Turkey for two decades and has become an unwitting flashpoint for the diplomatic rift.

The Trump administration has turned Brunson's detention into a rallying call among Christian conservatives, particularly Evangelicals, and the president has feuded with Turkish President Recep Tayyip Erdogan openly over the American pastor.

The lira stood at 6.0500 at 1111 GMT, compared with a close of 6.0600 on Tuesday.

The currency crisis poses an additional risk to Germany's economy, the German finance minister said on Monday. We are telling them: "we've seen your games, and we are challenging you", the Turkish leader told thousands of his supporters during the sixth Congress of the ruling AK Party (AKP) in the capital Ankara on Saturday.

Turkish sovereign dollar bonds rose across the curve, with some issues gaining around 1.5 cents.

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