that other states have gone ahead of turkey, when turkey should already be in it. - erdogan needs europe because eu excession process, and the common market that turkey shares with eu, are both economically beneficial. and we know that erdogan wins elections, so as long as he delivers economic growth. - [narrator] turkey continues to be a strategic ally with both nato and the united states, but those relationships are increasingly complicated. - the question is becoming much less clear, at least on the short terms. the united states, and most of our european nato allies, believe that nato should be alliance of democracies, and turkey isn't in any meaningful sense, a democracy. - turkey is not a reliable u.s. ally, that does not mean they are not a strategically vital u.s. allly. but, their interests are conflicting to a point now, where it's become bloody. it is incumbent on us to stop turning a blind eye to that. until it becomes too late, because too late is coming up very soon. (crowd shouting) - [narrator] the u.s. reluctance to immediately extradite gulen to turkey for what erdogan

, the tide seems to be turning in turkey. critics charge that president recep tayyip erdogan, used a failed coup d'etat, in 2016 as a means of consolidating his own power. power he says, is necessary to secure the state. great descision's producers, traveled to turkey, to examine the relationship with this key u.s. ally. - [man] thank you for joining us in great decisions. - [narrator] turkey. a partner in crisis, next, on great decisions. (epic music) great decisions is produced by the foreign policy association. in association with thompson reuters. funding for great decisions is provided by price waterhouse coopers llp. (ethnic music) turkey was once the seat of the powerful ottoman empire. which for centuries, spanned parts of north africa, europe, and the middle east. (explosion) after world war i, brought about the collapse of that empire, turkey sought to reinvent itself. - in direct aftermath of world war i, turkey was trying to rebuild. it had lost a huge portion of it's population, it was engaged in the process of t

when european union behaves turkey that on that turkey needs european union turkey needs european union and european union needs turkey we are everywhere of this but some european countries unfortunately don't see the fact so why so you don't leave you any man or you said your meal time trees in the european union actually against turkey your membership made big my shirt off the e.u. countries you member states actually are in favor of turkish actually you know when membership anymore he said you struck not you have the air as it were the reaction to this is the reaction of the country who has been waiting at the door for sixty years ok sixty years so i was away that it is turkey is a mistake so why they said yes so why threaten europe in march last year when the diplomatic pressure what can what kind of threatening in march last year when there's a magic route with germany was at its height your president said that if europe continues this way no european in any part of the world can walk safely on the streets that's what he said. that's a threat now it's a design or rather a stretch k

when european union behaves turkey that only turkey needs european union turkey needs european union and european union needs turkey we are everywhere of this but some european countries unfortunately don't see the fact so why tell you don't even the men want to go to new countries in the union union actually against turkey's e.u. membership many big measures of the e.u. countries e.u. member states actually are in favor of turkish you know what i'm a little more membership anymore he said and you struck luck your ally really are they were the reaction to this is the reaction of the country who has been waiting at the door for sixty years ok sixty years so i know why that it is turkey's mistake so why for years so why threaten europe in march last year when the dollar had a examine what can what kind of three things in march last year what is the sematic route with germany was at its height your president said that if europe continues this way no european in any part of the world can walk safely on the streets that's what he said that's a threat now is a direct threat no it is not a

turkish president friendship type that i want to rise in sarajevo ahead it's not the elections in turkey and iran addresses a rally in the bosnian capital after being banned from campaigning in three e.u. countries will cross go correspondent in istanbul for more. and with his country in crisis venezuela's president seeks a second term in office and with low voter turnout predicted nicolas maduro his victory is almost certain the opposition is launching boycotting the vote critics are calling the election of a fine. and head of the humphrey welcome to the program turkish president threat is in the balls and in capital sarajevo to address supporters living in europe ahead of snap elections in turkey next month several e.u. countries in western europe those with large ex-pat turkish populations have banned turkish political rallies ahead of his presidential and parliamentary vote. thousands of turks from all over europe arrived in sarajevo ahead of president richard tell you better ones rally some twenty thousand all up. as bosnia's muslim member of the tripartite presidency but cute is it

turkey has not just done this. they've also turned toward russia, pursuing russia for their air defense systems. as a nato ally, that is unheard of to be able to say that they're going to have nato equipment, but then they're also going to go to russia for part of their equipment, that shows the turning of president erdogan. congress is not going to sit back on this. senator shaheen and i have already put language out for the foreign ops bill that would specifically identify those individuals, the judges in the court, the officials that are holding pastor brunson, the officials in the city jail, and in their national government that are specifically holding those individuals to apply a sanctions directly to the individuals that are holding an american pastor hostage. senator shaheen and senator tillis and i have already put forward a piece of legislation blocking turkey from maintaining or purchasing the f-35. they are a nato ally and they should have example is to that, but they're not acting like a nato ally and

more than 12 million people in turkey are retirees.is going to give them $2“; twice, amounting to about $6 billion, and that could be seen as a sort of sweetener to try and buy off some of this dissatisfaction. are you trying to buy support ahead of the elections? are you — are you worried... well, i was saying it could be seen as trying to buy support. finally, you are visiting london on an official visit. what are your main objectives? what are you talking to theresa may, the prime minister, borisjohnson, the secretary, and all the other ministers you are meeting? is britain a more worthwhile partner for turkey after brexit? president recep tayyip erdogan, thank you very much for coming on hardtalk. the weather for the rest of the week and the weekend really is looking very promising. as far as the short term is concerned, really chilly this morning. we've had clear skies, so the temperatures have dipped away and in fact in some areas to barely above freezing. there's been quite a big gap in the cloud across the uk. you can see scotl

now turkey is gearing up for presidential and parliamentary elections only weeks away the vote could set the country's political course for years to come let's take a closer look now with company president edge of hereford one of the islamic rooted a.k.p. called for snap elections for june twenty fourth that's sixteen months ahead of schedule now everyone is a looking to extend his power by creating a more powerful executive presidency now his most serious challenger for the presidency is metal action and right here in the she's a former interior minister and leader of the recently formed nationalist party so hot in denver touch of a pro kurdish opposition party the h g p will be campaigning from behind bars he is currently on trial on terrorism charges and turkey's biggest opposition party the secular republican people's party or c.h.p. has just revealed its candidate a senior lawmaker here motm engine now this election takes place during a state of emergency that's been in place in turkey since a failed coup attempt against government to july two thousand and sixteen since then the

turkey's president out on kicks off his election campaign everyone moves the polls up to next month and now faces a credible threat to his power from an opposition alliance will go live to istanbul . the long fall from grace for the man who was once germany's highest paid blue chip c.e.o. u.s. prosecutors have indicted the former volkswagen boss as german prosecutors examine his case what's ahead from off inventor connie. play. thanks for joining us. voters in lebanon are heading to the polls today to elect a new parliament for the first time in almost ten years sunni prime minister saad hariri and his future movement party are expected to retain power but this election will be the first under the country's new electoral laws replace to the previous winner takes all system with proportional representation which has brought the country's sectarian power struggle into sharp focus and among those hoping to make gains in the country is hezbollah the islamist political and militant groups financed by iran hezbollah supports syrian president bashar assad and most major western powers also con

listening to the tuning to bring them in turkey to europe to come back to the entire country championing free and fair and for the last sixty years. for mines. speech against the media journalists behind bars critical journalists murdered i'm speaking with christiane mirror head of germany's bureau of reporters without borders about the freedom of press in europe mr mir turkey is jailed over thirty journalists you were there are several times to observe the trials do you still dare go ptolemy yes last year when tensions between germany and turkey had reached their peak there was indeed a time when i canceled the trip because i was seriously worried something would happen to me i know but in the meantime i feel safer about traveling there. german turkish relations have relaxed the situation for turkish journalists whatever certainly does not. stay with the relations between germany and turkey do you think things changed after danny's future was released. and the fight if i would say tensions between germany and circuit have relaxed somewhat and i don't think things have improved substanti

all they have to do is cross this river and they will get to turkey.ing this hidden route home, the syrians have started to call it ‘europe‘s back door‘. as they make their exit, zakariya has one last message for his former hosts. a few days later, as dawn approaches, i arrive at the turkish side of the border. i'm here to witness the moment when more syrians will leave europe and walk into turkey. i think i can see in the distance one of the families that have just been smuggled across the river from greece into turkey. after many days of travelling, these syrians have finally reached their goal — escape from europe. wading through the cold water, many here will be relieved to have made it across the river. during the winter, some refugees were swept away in the high waters. i see a woman leading the refugees towards us. i'm told she is a smuggler. tired and hungry, these syrians have been on the move for at least 48 hours to reach this point. 0ur conversation is cut short. facing arrest for being in a military zone, we're told to move quickly. all 20

also coming up could this be the woman to challenge turkey's president morale action at emerges as the main challenger in next month's election but she faces a tough battle to unseat president brush of type marijuana. and hundreds of people on hawaii's big island evacuated their homes after to be killed the way a volcano comes to life ash and lava have breached presidential area. i'm sorry kelly thanks so much for joining us this way to chicago to me has announced that it will not award the nobel prize for literature this year the institution is in crisis over its handling of sexual assault allegations against the husband of one of its leading members the scandal has seen a string of board members leave in recent weeks the prize has crowned the world's best writers for more than one hundred years but will be absent from the literary calendar until twenty nineteen. it's mostly on precision to do but it is rare the swedish academy has postponed the twenty eight. nobel prize for literature. we have decided not to watch the prize this year and we did that after a long and intense discussio

above all else, and it is not just turkey, we will apply the same governance in turkey in the same wayplied globally. today, whatever the governance approach in the u.s. or europe, we will apply the same in turkey as well. what is legitimate for them cannot be illegitimate for us. everyone should know this. we will take steps accordingly, but we will never let our country lose. think -- the comparison with the united states, is your assessment that president trump and jay powell, who is the chair of the federal reserve, does the president speak to powell about interest rates? is that something that happens elsewhere? you are implying you will take a much greater role. is there another example of somewhere you can see a model working for turkey? is there another country that stands out? >> no, there is no need to argue. the u.s. interest rate policy is known. we do not need to reinvent it because we have all the information to hand. in other words, we know what the interest rate policies are and are not in all of the countries of the world. we are not just discovering them now. therefor

turkey's best friend in europe?iting officials before an expected 3 million yiddish tourist says that does not mean ignoring thornier issues. we are to formally great powers who have changed to become the medium to large powers, if you look at other european countries, and we both, as of march next year, going to be countries outside the european union but on the border of the european union. and we have a strong sense of each other‘s worth. union. and we have a strong sense of each other's worth. is britain prioritising its brexit relationship with turkey over pushing for an improvement in the human rights year? it is very much the case that we have a dialogue with the turkish government on those issues of values, whether that is about journalism orfreedom of expression, 01’ journalism orfreedom of expression, or about other issues concerning the rule of law. we believe that because the relationship is strong, we are ina the relationship is strong, we are in a position to say things as people who are trusted to the

is that what we are seeing in turkey? diana: this rhetoric from turkey this is nothing new. we have had this rhetoric from the turkish president for a number of years.

if you're importing a ton of crude the way turkey is, higher oil is bad news for turkey, good news forussia. it is not a blanket, em, ok story. >> no. it is higher oil and a higher dollar. the cost of capital is increasing on two fronts. it is very, very rough. the oil situation is an interesting question. what you have now is essentially the u.s. and saudi going after iran and russia. today's opec announcement as an acknowledgment of that. jonathan: and crude getting hammered to close out the week as the saudis signaled they can close out. you have higher short-term rates in the states, crude has been rallying, and the dollar has been strengthening. on the latter, crude gets really uncertain, and the dollar is what fascinates me. i have spoke with investors this week who have a conviction call on the em and a really flaky call on the dollar. i don't know how you can reconcile the two things. if you are going to have conviction on em, can you have a flaky call on the dollar? lisa: this is a great question. so far, em and the dollar have moved in sync. this is to be expected since a lot

turkey's president meron everyone kicks off his election campaign part of one of moves the move the polls up to next month and now faces a credible threat to his power from opposition alliance our sports correspondent will take us through the past of reaction. time my ass waiter thanks for joining us voters in lebanon are heading to the polls to elect a new parliament today for the first time in almost ten years sunni prime minister saad hariri and his future movement party are expected to retain power but this election will be the first under the country's new electoral laws they have replaced the previous winner takes all system with a proportional representation system which has brought all the country's sectarian power struggle into sharp focus. let's go to our own database correspondent who's following the story from beirut until the elections are underway let's talk about prime minister saad hariri are we expecting these elections to confirm the status quo or has he lost the confidence of his supporters well i'm right now in beirut to this is the district where solidly these fightin

turkey's president had a long kicks off his election campaign and one moves the polls up to next month and now faces a credible threat to his power from an opposition alliance we'll go to istanbul for the latest. on the long haul from the grave for the man who was once germany's highest paid blue chip c.e.o. u.s. prosecutors have indicted the former volkswagen boss as german prosecutors examine his case what's ahead for moscow inventor connie. thanks for joining us. is underway in lebanon after parliamentary elections ended a short while ago it's the first photo held under new electoral laws designed to give smaller parties a better chance but observers expect the race to come down to the western backed prime minister saad hariri and the iran backed militant group hezbollah. lining up to elect a new parliament for the first time in nine years the war in neighboring syria security concerns and disagreements between rival parliamentary blocs delayed this vote until now many vote is deeply frustrated. with had enough of clans that have ruled us for fifty years. with the old guard but noth

above all else, and it is not just turkey, we will apply the same governance in turkey in the same weightt it is up -- way that is applied globally. today whatever the governance approach in the u.s. or europe, we will apply the same in turkey as well. what is legitimate for them cannot be illegitimate for us. everyone should know this. we will take our steps accordingly, but we whatever -- but we will never let our country lose. the the comparison with united states. is your assessment that president trump and jerome powell, who is the chair of the federal reserve, as the president speak to jerome powell ? is that something that happened elsewhere -- happens elsewhere? you are implying you would take a much greater role. is there another country that stands out as a model that might work for turkey? >> no. there is no need to argue. the u.s. interest-rate policy is known. we do not need to be invented, because we know that we have all the information -- invent -- t, because we know that we have all the information. we will take -- accordingly. will make our assessments according to this.

iran and turkey at the same time in syria and in syria turkey and iran have different view of this is a very complicated mathematical formula i will say but the fact remains that turkey appears the main protagonist of the palestinian supporting the palestinians condemning the israeli policy condemning the american policy it must be pointed of course the white house and israel are saying that it's a mass that stoking the tensions along the border here they've got a totally other view on it as it stands tonight in your view in twenty seconds is israel going to be more politically isolated because of what's happened today other countries have really come out from one european countries south africa as well and is it going to get more and more isolated or are things going to generally all round will be cooler heads. for a short period it will be. cool to bow out later on those countries one by one probably will continue to have relations with these and that's before european concerts very careful central and if there have been contras all the support that we saw today germany and france t

the turkey question is really an interesting one.are in a vortex between being late to the hike, between presidential interference, between the president calling for an ease. you don't know, aside from it being potentially cheap on a real effective exchange rate basis, you don't know why you are jumping into this. compare that to brazil, that also went through the ringer. compare that to argentina. that is undergoing structural reform. there are currencies that have weakened substantially the have offered a more sound reason for owning for the long-term. turkey is not somewhere that is remotely inexpensive enough to get involved with. lisa: to your point of what narrative you want to paint, here is one that a lot of people are coming to. emerging markets as a whole look better than they did in the late 1990's by averages. there are idiosyncratic stories, turkey among them, african nations that have become so indebted in this period of easy money that any little hiccup is going to cause a serious issue. jonathan: matt, there was a big

if you're importing a ton of higherhe way turkey is, oil is bad news for turkey, good news for russia is not a blanket, em, ok story. >> no. it is a higher dollars of the cost of capital is increasing on two fronts. very rough. the oil situation is an interesting question and you have the u.s. and saudi going after iran and russia. today's opec announcement as an acknowledgment of that. jon: crude closing out the week as the saudi announced they can close out. you have higher short-term rates and the states, crude has been rallying, and the dollar has been strengthening. on the latter, crude start softening -- dollar start softening and a lack of crude. i do not know how you can reconcile. if you are going to have conviction on em, can you have a flaky call on the dollar? lisa: this is a great question. moved in sync and this is to be expected since a lot of their debt is dollar denominated. therene is saying good are idiosyncratic stories with in emerging markets but so much of the money has gone into index funds. do people -- at what point do people out and the stories do not matter

also coming up turkey's president everyone kicks off his election campaign and one moves the polls up to next month and now faces a credible threat to his power from an opposition alliance we'll go to istanbul for the latest. on the bundesliga has seen the penultimate day packed with drama teams at the top and bottom of the table have a lot on the line our sports calls correspondent will take us through the back of the action. i'm irish waiter thanks for joining us voters in lebanon are heading to the polls to elect a new parliament today for the first time in almost ten years sunni prime minister saad hariri and his future movement party are expected to retain power but this election will be the first under the new country's elected to the country's new electoral laws they replace the previous winner takes all system with proportional representation which has brought the country's sectarian power struggle into sharp focus. let's go to correspondent who is following the story for us from beirut where these elections are underway what is the current state or mind set of prime minister

is presidential candidate and one of turkey's fiercest opposition voices. shmuck my focus is on three thing this first making peace second economic development and third fair distribution of resources. you know your numbers and to accomplish these things i offer three principles first direction in which direction should we turn to the european union second that's what will be the means a marker still an individual freedoms and third what will be the administrative structure called the administration won't be based on a one man regime and his are correct checks but i'm a strong leader with a capable team in charge of the called. to defuse you leon is following the story for us in istanbul yulia what more can you tell us about the say of her and shia and his party the c.h.p. the c.h.p. is that turkey's biggest opposition posse they describe themselves as a modern social democratic party but they also follow a nationalist approach they draw all this support mostly from secular voters in western turkey so cities like is near or on tell you these are their stron

mentioned turkey at the top. bloomberg just reported that turkey is said to be ready to raise rates if may inflation rises. according to bloomberg reporting, the turkey finance minister and central-bank had met investors in london. this is the dollar versus the turkish lira. you saw it go lower after the announcement. the dollar has only been gaining ground over it frequently, most recently in the turkish central bank did raise rates. there are questions about its independence from prime minister erdogan. shery: thank you so much. there is new hope for the once canceled summit between the u.s. and north korea. president trump confirmed that kim jong-un has sent his white hand man -- right-hand man to the u.s. he will be the highest-ranking official to visit the u.s. since 2000. let's get some insight now from jean lee, the director of the korean center the wilson center. she became the first american reporter granted extensive access on the ground in north korea. thank you for your time today. do you expect the j

growth in turkey is quite impressive where does it come from. well indeed turkey's economy is one of the fastest growing in the euro but experts say these growth rates are powered by stimulus measures tax incentives for example and cheap credit and instead of investing this money from abroad in the turkish agricultural sector for example or other productive sectors missed out on was pushing these funds into infrastructure projects mostly so-called mega projects or crazy projects like the gigantic istanbul appetite for example or another project called can now istanbul which is worth twenty billion dollars and once it's finished it's going to be something like turkey's suez canal of course such mega projects attract public attention but they don't really increase productivity so experts say this growth is anything but healthy or sustainable. is not the reason why investors. well one argument that i keep hearing here over and over again is that it's the rapidity of the changes in turkey's economic domestic and foreign policies in the path. that ha

around turkey in particular. trade story coming back to fight again because president trump is considering further tariffs on imported cars. combine that with the strength and things are negative for asian equities. strong as they dollar right now. we are stable in the euro despite the confirmation that conte had been asked to put together a populist government. the 10 year yield at 2.99. the fed yesterday a little bit on the dovish sign. -- side. i think that permeated through. she dovish till from the fed, might be overstating it. the second point is very clearly about emerging-market contagion. that's capping out the rising yield. you have futures bid on the 10 year. reprieve. some will the new coalition under onte heed the warnings coming from europe? that's the question for the italian btp market. is down by 12 pips. bithave to come back little lower this morning on these kind of moves. do you expect that spread to blowout? template for looking on the spreads to play. more risk to come according to the chief

is the biggest opposition party here in turkey they describe themselves as a modern social democratic party but they clearly follow a nationalist approach as well and they draw their support from secular voters from people living in western turkey mostly so cities like is mia or antalya all the c.h.p. strongholds and yes i'm injured was recently announced as that presidential candidate had a man who has been active in turkish politics for years he clearly says and he said in our interview as well that he wants to repass strained relations with the european union he wants to turn turkey back or bring turkey back on the reform track he also criticizes mr add on for his mega projects and status symbols he says for example as president he wouldn't use the huge presidential palace in ankara but rather turn that building into a university for people to use so what i'm in just call promises in this election campaign our democracy justice and economic reforms that really benefit the people . uli hunger porting there from istanbul. now five years ago this month a small group of environmentalis

-- turkey is not far off.hey need to be keeping external investors happy. don't think erdogan controlling the bank does that. jonathan: does erdogan control the bank? this is nothing -- this rhetoric from turkey this is nothing new. we have had this rhetoric from turkey before. monetarycredible policy -- lack of credible monetary policy, you have inflation that they cannot get a grip on. the macro picture remains weak. whether the central bank will come on, we will wait and see what the next meeting brings. broadly, chief a trifectavisor has of poising for emerging markets picks it is up, dollar stronger, rates climbing could how much of a challenge is that? joe: you have to differentiate between crude importers and crude exporters. it is country specific. there are a lot of winners and losers yard it is a trifecta -- losers. it is a trifecta. it could be the top with technical directions and dollar short reversed. is theng to look for individual story. argentina had a great policy response, different from tur

else,erdogan: above all and it is not just turkey, we will apply the same governance in turkey in thee way that it is applied globally. to date whatever the governance approach in the u.s. or europe, we will apply the same in turkey as well. what is legitimate for them cannot be illegitimate for us. everyone should know this. we will take our steps accordingly, but we will never let our country lose. we have seen a reaction to the turkish lira as a reaction of what he said. his tighter grip on monetary policy is something that the market is a little nervous about. let's get a bloomberg first word update. juliette: u.s. commerce secretary wilbur ross has said that america is exploring alternatives to punish china's zte. donald trump called into question the two track strategy just hours later. the president appeared to contradict wilbur ross' statement. on the israel-gaza border, at least 55 people have been killed in by the clashes. it was the deadliest day in gaza since the 2014 cross-border war. the protest came as the u.s. moved its embassy from tel aviv to jerusalem. the palestini

many young people in turkey can't find a job a sure sign that the boom years are over one in five in that age group is no jobless the country's economy has taken several hits in recent years one main reason more and more foreign capital is leaving turkey an emerging economy especially dependent on outside investment. those factors have sent the country's currency the lira tumbling by twelve percent since mid april alone it's lost seventeen percent since the start of the year. to stop the trend and to attract foreign money again the central bank would have to raise interest rates even further it lifted one key rate to thirteen and a half percent in april. president richard tie a bad one recently called interest rates the mother of all evil and pledged to force the central bank into lowering them seen by many as an election bribe to indebted citizens and companies. better ones plan to influence this ostensibly independent institution is only likely to further deter foreign investors the meeting new jobs could remain a pipe dream for many for some time to come. our correspondent junia h

they were then flown to turkey and incarcerated in a high security prison. footage then appeared in pro-government turkish media showing the man in front of the turkish flag officials talked about having bundled them up and brought them back this was the last glimpse yasmin had of a husband you serve. jani. i'm afraid. i share my husband's opinion was like you know and he has been arrested because of his opinions and his beliefs all of which i share so i could be arrested on these grounds to. actions muscling in english. jessamine kind of been a has continued to teach she owes it not only to her husband she says but to the cleric for two large good men. europe is in the midst of war a tug of war that is between national governments and separatist regions spain's dispute with catalonian separatist seeking independence continues to rage on and in france separatists on the island of corsica are emboldened after winning the most seats in parliament in the last regional election young corsicans in particular hope that more autonomy from france will improve the is