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Challenged by US and market crisis, Turkey turns to Europe

A man uses his mobile as he sits in a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the Unite...
Tourists enjoy the views from a high-rise building's observation deck in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with ...
Tourists walk by the Golden Horn in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the United States, Turkey is reaching...
A man checks foreign currency rates at a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the Un...
A view of the financial and commercial Levent district, where many of Turkey's leading banks and companies have their headquarters, as seen from an ob...
A man walks out of a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the United States, Turkey ...
People walk past a street vendor offering Turkish flags for sales at a market in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tensi...

A man uses his mobile as he sits in a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the Unite...

Tourists enjoy the views from a high-rise building's observation deck in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with ...

Tourists walk by the Golden Horn in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the United States, Turkey is reaching...

A man checks foreign currency rates at a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the Un...

A view of the financial and commercial Levent district, where many of Turkey's leading banks and companies have their headquarters, as seen from an ob...

A man walks out of a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the United States, Turkey ...

People walk past a street vendor offering Turkish flags for sales at a market in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tensi...

ISTANBUL (AP) — Beset by a shaky currency and tension with the United States, Turkey is reaching out to Europe to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership.

The engagement by Turkish President Recep Tayyip Erdogan, who has harshly criticized Germany and other European nations in the past, is part of a diplomatic campaign to capitalize on international unease over U.S. President Donald Trump and American tariff disputes around the world.

Also this week, Qatar pledged $15 billion in investments in Turkey and Russia's foreign minister talked about using national currencies instead of the dollar in trade with Turkey.

Even so, many commentators believe the path to Turkey's long-term recovery lies in bold economic steps, such as an interest rate increase.


Updated : 2021-01-26 05:43 GMT+08:00