When EU foreign ministers gather in Luxembourg on Monday their main pre-occupation will inevitably be what to do about Turkey.
European Union countries committed on Monday to suspending arms exports to Turkey, but stopped short of the EU-wide arms embargo that France and Germany had sought.
Spain, Austria and Belgium joined Germany and France on Monday in backing an arms embargo on Turkey over its Syrian offensive but top exporter Italy had yet to declare its position, leaving an-EU wide ban in doubt.
Turkey’s government dollar bonds fell on Monday in the wake of warnings from U.S. President Donald Trump that he was working on “powerful” sanctions against Turkey over its offensive into northeastern Syria.
Turkey’s lira slipped 0.6% on Monday after U.S. President Donald Trump warned of “powerful” sanctions over the country’s offensive into Syria, a somewhat muted response that analysts said reflected doubt that the White House would act.
One child and a baby died on Monday when a boat carrying illegal immigrants sank off Turkey’s Aegean coast.
The Turkish Armed forces have “neutralized 550 terrorists” during Operation Peace Spring, the Turkish Ministry of National Defense reported on Monday.
The lira closed the week at 5.8850 on Friday, as Turkey pressed on with a cross-border operation against Kurdish militants in northeastern Syria, after Trump decided to withdraw some U.S. troops from the region and opened the way for Ankara’s incursion.
French President Emmanuel Macron will hold an emergency defence cabinet meeting on Sunday to discuss options regarding the Turkish offensive in northeastern Syria, the French presidency said in a statement.
Turkish President Tayyip Erdogan on Sunday dismissed reports that Islamic State prisoners in northeastern Syria had escaped as a result of Turkey’s offensive in the region, saying they were “disinformation” aimed at provoking the West.