Atilla Yesilada

The cur­rent good times will be fol­lowed by more tur­bu­lence and eco­nom­ic pain for the de­vel­op­ing world.

The biggest threat from an es­ca­la­tion of con­flict with the West would be a blow to Turkey’s frag­ile bal­ance of pay­ments.

The frag­men­ta­tion of the EU car­ries huge costs for Turkey, which can only be ame­lio­rat­ed by clos­er in­te­gra­tion.