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Turkish shares (TUR) plummet after demonstrations in Istanbul over the preservation of a park...

Turkish shares (TUR) plummet after demonstrations in Istanbul over the preservation of a park turn into a vehicle for an outpouring of anti-government anger amid accusations that it is becoming increasingly authoritarian. Over 1,000 people have been injured and at least two have died as the crowds brave tear gas and rubber bullets. The Istanbul National 30 index is -4.8%, while the lira is -0.9% vs the dollar.
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Comments (4)
  • Daveintosa
    , contributor
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    Economist Ataturk's spirit will prevail.
    3 Jun 2013, 06:40 AM Reply Like
  • Sakelaris
    , contributor
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    Ataturk forced the 1923 great powers to sign off on a treaty to legitimize his army's expulsion and extermination of the remaining Greek and Armenian Christians in Asia Minor, over one and a half million of them. Some were related to my family.

     

    Turkish aggression continued against remaining Christians within its borders in 1955 and 1964 and against Cyprus in 1974.

     

    Yes Daveintosa, that kind of Ataturk spirit may indeed prevail in an expansion-oriented Turkey in the future--unless Americans wake up and begin to see the danger.
    3 Jun 2013, 05:37 PM Reply Like
  • Daveintosa
    , contributor
    Comments (142) | Send Message
     
    Economist Sorry for your family losses. At the Holocaust Museum in DC in the library store was an outstanding book about the Armenian situation in a broad sense. Ataturk hanged quite a few Turkish army officers who did wrong things. I have also been to Gallipoli, quite impressive. Ataturk followed the writings and methods of Thomas Jefferson. Ataturk is buried in soil from the Korean cementary where Turkish soldiers are buried. They served side-by-side with other United Nations troops. My old scout master was a graduate of the world famous Rolla School of Mines and Metallurgy in Missouri. He as a colonel in the US Army Corps of Engineers and built the post WWII B-47 bases in Eastern Turkey. He filled his house with fabulous Turkish metal and leather pieces. A college classmate of mine was a foreign exchange student from Turkey and is now a prominent intellectual property lawyer in Turkey. Harry Truman understood the importance of Turkey and Greece. FOVSY makes a lot of sense. Thank you very much.
    4 Jun 2013, 10:20 AM Reply Like
  • Sakelaris
    , contributor
    Comments (1510) | Send Message
     
    Ataturk was really good with the charm tactics and PR for gullible Americans and western Europeans, I will certainly grant that.

     

    I am sure that if the subject of executed British soldiers at Gallipoli came up during your visit there, that the Turks denied it.

     

    You have the soil transfer story reversed, as some dirt from the 1938 internment of Ataturk was placed in a 1953 grave of some Turkish soldiers in Korea.

     

    On Jefferson: Anyone good or bad can find something to quote or admire from Jefferson, as that guy was all over the map on ideas.

     

    Overall, a wise and constructive approach to Turkey now might best be to imitate an approach sometimes used with the 1920-1991 Soviet Union: Seek peaceful coexistence, but always keep your guard up and be cautious about their PR.
    4 Jun 2013, 11:11 AM Reply Like
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