No Turkish Delight: The Collapse

Well, leave it to Turkey to come and spoil the economic recovery of successfully developing countries.

The losses came as Citigroup slashed its recommendations on Turkish stocks to underweight from overweight, citing the probability of prolonged political unrest and less attractive valuations. It said a weak currency and bond market would probably deter many investors, making it harder for the stock market to rebound. "The lira looks vulnerable and bond yields are likely to remain high, constraining upside for the equity market even if political tensions ease," Citigroup analysts Andrew Howell and Geoffrey Dennis said in a note to investors. Others said Turkey's political instability could hurt its bid to join the European Union.

Its not just about stocks though. It is also about a revolution of Islamic fundamentalism and Kurdish nationalism in a country with a weak democracy centered around a popular cult of personality. That of the genocidal Kemal Atatürk.

The majority of Congress who supported the Armenian Genocide Bill agreed that Hitler was trying to emulate Atatürk.

Although it appears to be the case that Congress has shelved as a result of the Turkey's domestic turmoil

As ironic as it is, in this case, it might just be better to have an Islamic Turkey. It is Islamic anyway, and it is founded on the ashes of Christian churches. Amongst which is Hagia Sophia. That is now a vanadlized place of worship. Instead of letting Orthodox Christians to continue liturgy there, the Islamic-Kemalists continue this desecration.

The situation in Turkey and along its Iraqi and Mediterranean borders will only get worse as a result of a volatile international situations. Old enemies Greece and Bulgaria, recently signed agreements with Cyprus and Romania on joint military measures. This is in addition to the lucrative oil pipeline agreement signed with Russia. It seems that all three adversaries have united in order build an Orthodox spear. They gain some power might perceive weaknesses in Turkey and act in unpredictable ways. If or when Turkey fails its existential test, it will result in the elimination of the common belligerent in the region which had previously united unlikely allies in military and political economic agreements.