German foreign ministry out with a statement 20 July
- warns German citizens to be more careful
- Turkey not always informing govt of arrests of German citizens in timely dashion
- consular access not always guaranteed
"People who are travelling to Turkey for pvt or business reasons are urged to exercise increased caution, and should register with German consulates and the embassy even for shorter visits"
Foreign minister Gabriel takes it one stage further:
"One can't advise anyone to invest in a country when there is no legal certainty and where companies, completely respectable companies, are presented as terrorists and there are already examples of expropriation"
I therefore don't see how we can still guarantee German company investments in Turkey, if as has happened, arbitrary expropriations for political reasons have not only been threatened but have already taken place."
Lest we forget on-going concerns on matters closer to home in Europe as Turkish president Erdogan continues to cast his influence.
EURUSD unfazed for the moment with EURUSD holding 1.1500 and EURGBP climbing further to 0.8880 ahead of the ECB
Turkish president Erdogan giving Germany cause for concern
