Turkish president blasts ‘economic coup’ amid heightened tensions with US

Andrew Brunson after his release from jail in Izmir last month

Turkish diplomats are reportedly close to releasing a United States pastor at the center of a diplomatic spat between Turkey and the US.

Qatari and Turkish officials made the announcement yesterday afternoon after the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, met in Ankara with Turkey's strongman, Recep Tayyip Erdogan, over a possible financial package as Turkey struggles with its worst financial crisis in years.

Pastor Andrew has been wrongfully detained in Turkey for over 679 days.

Ibrahim Kalin, a spokesperson for the Turkish presidency, tweeted: "Qatar has pledged $15 billion of direct investments in Turkey".

"Full sovereignty can not be bought with money but is achieved by establishing honest and reliable relations with surrounding countries", Gargash said in his tweet, the daily Gulf News reported.

Last month, the central bank increased its 2018 estimated inflation rate from 8.4% to 13.4%.

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It hit an all-time low of 7.2 lira to the dollar earlier in the week.

The lira's free-fall was likewise stemmed by the implementation by Turkey's central bank of policies that make it more hard to borrow money. But they will not let him come home to America.

"We want to strengthen economic ties between France and Turkey".

Turkey's image overseas is especially crucial because much of its growth has been fueled by foreign credit. And as the currency drops, that debt becomes so much more expensive to repay, leading to potential bankruptcies.

But while relations with the European Union are improving, there are no signs so far that Turkey or the USA are willing to back down.

Andrew Brunson, an evangelical pastor from Black Mountain, N.C., shown in Izmir, Turkey, on July 25. "The US wishes to tell the Turkish society that its leader has to be removed".

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The Turkish president on Wednesday announced an unprecedented 50 to 140 percent tariff raise on USA alcohol, rice, and cars. The lira's sharp decline has sparked fears in the worldwide community of a Turkish economic crisis. It's not clear how much more they'd be willing to contribute if the U.S. just keeps making things worse. "Having said that, we fully support the president's approach". The US says the charges are without merit.

Turkish Foreign Minister Mevlut Cavusoglu said on Thursday that solving the rift with the United States is not hard. "I don't know what the breaking point is". He said he was also considering an appeal to Turkey's constitutional court. "Investors also fret over Erdogan's influence over monetary policy".

Mr. Trump wrote in a tweet late Thursday: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"

Why this tension between North Atlantic Treaty Organisation allies?

The US used a military base in southeastern Turkey to launch air strikes against ISIS.

"Qatar and Turkey have a mutual stance on many subjects regarding humanitarian and political issues".

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"Both sides need to climb down from their blustery rhetoric".

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