The 4 top generals of the Turkish military have resigned. No reason is yet given, but it likely...


The 4 top generals of the Turkish military have resigned. No reason is yet given, but it likely is due to tensions with the recently re-elected government of Recep Tayyip Erdogan. TUR drops more than 1% on the news, now -0.6%.
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Comments (3)
  • kmi
    , contributor
    Comments (4584) | Send Message
     
    This is interesting since it is widely perceived that the Military is the real force in Turkey. The military has consistently been behind moderating Islamic influence and keeping radicals out of the government.
    29 Jul 2011, 12:07 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    Often, the Turkish military has been the major force for moderation and secular government there. Looks as though most of the officer corps favoring moderation has been or is being forced out...likely these 4 are more of the same. It doesn't seem like a good thing for Turkey long term, or for people investing there, however well the economy might be going now.
    29 Jul 2011, 01:12 PM Reply Like
  • daxoy
    , contributor
    Comments (2) | Send Message
     
    It is a good time to short some TUR ! My expectation is about 400 bps decline on Monday.
    29 Jul 2011, 01:17 PM Reply Like
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