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Turkey Turns 'East' Towards BRICS

by Oui Wed Sep 4th, 2024 at 03:36:53 AM EST

Not out of choice but due to abandonment by the European Union and its Western allies in NATO. Shutting off the corridor to the Black Sea for the United States and its lost influence to the Caspian Sea states and Central Asia.

Most likely aggravated by the support given to the criminal enterprise of the Jewish State to occupy Palestine with impunity. New alliances are formed of states at odds with one another for decades ... Egypt and the Arab Gulf states plus Iran. The Islamic World uniting ...

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Turkey Asks to Join BRICS to Forge Ties Beyond West

Turkey has formally asked to join the BRICS group of emerging-market nations as it seeks to bolster its global influence, according to people familiar with the matter. The bloc is set to discuss its expansion at a summit in Russia in October.


EU Push Turkey to Not Joining BRICS: What is Going On?

Turkey's recent bid to join the BRICS bloc underscores its strategic ambition to amplify its influence on the global stage and diversify its international alliances beyond the traditional Western partners. As President Recep Tayyip Erdogan's administration navigates a shifting geopolitical landscape, the move to align more closely with BRICS--an organization representing some of the world's largest emerging economies--reflects Turkey's broader aspirations in a multipolar world.

BRICS, originally composed of Brazil, Russia, India, China, and South Africa, has become increasingly attractive to countries seeking alternatives to Western-dominated global institutions like the International Monetary Fund (IMF) and the World Bank. The group recently expanded to include Iran, the United Arab Emirates, Ethiopia, Egypt, and Saudi Arabia. The potential inclusion of Turkey would mark another significant enlargement of the bloc, enhancing its global reach and influence.

Turkey's interest in BRICS is partly driven by frustrations over the stagnant progress in its long-standing bid to join the European Union (EU). Despite decades of negotiations, Turkey's EU membership remains elusive, leading Ankara to explore other avenues to bolster its international standing. Moreover, Turkey's relationship with NATO allies has been strained in recent years, particularly following its continued engagement with Russia even after the 2022 invasion of Ukraine. This has further motivated Turkey to seek out new alliances that align with its independent foreign policy goals.

Economically, Turkey stands to benefit significantly from BRICS membership. The group's New Development Bank offers alternative financing options that could support Turkey's ambitious infrastructure and development projects. In 2022, Turkey's GDP was approximately $906 billion, making it one of the largest economies in the region. By joining BRICS, Turkey could enhance its trade relationships with other member nations, potentially boosting its exports and economic growth.

A bad deal for the NWO ... adding UA to its list of preference states by military means, losing Türkiye and influence in the Persian Gulf states. Egypt becomes EU's new doorstep to the Jungle countries. Erdogan's extending its empire to the Ottoman expansion into China.

A Thaw in Relations between Egypt and Turkey | SWP - 2021 |

The visit of a high-ranking Turkish delegation to Cairo in early May 2021 indicates a turning-point in the relations between Turkey and Egypt. Since the 2013 military coup in Egypt [threw out Morsi and Muslim Brotherhood ... again .. see Gamal Abdel Nasser], the leaders of these two Mediterranean countries had been extremely hos­tile towards each other. The current rapprochement, which might lead in a best case scenario to a resumption of diplomatic relations, thus comes as a surprise. But it is limited in scope.

The main obstacles to a closer partnership between Recep Tayyip Erdoğan and Abdel Fatah al-Sisi are differences in the ideological foundations of their regimes. The aim of these current shifts in foreign policy is to increase the presidents' room for manoeuvre. Their regimes are under pressure due to regional, international, and domestic developments. Germany and the EU should support the normalisation attempts because they can contribute to de-escalation in the region. Both regimes' current weaknesses in foreign policy and the economy provide an opportunity to call for political change in other areas.

Turkey and Egypt bury the hatchet, marking an end to emerging third axis in the Middle East | Atlantic Council - 2024 |

President Recep Tayyip Erdogan's visit to Egypt on February 14 marked a milestone in diplomatic relations between two countries that fell grievously afoul of each other during a rare period of political and ideological divergence that lasted almost a decade.

The carefully choreographed and worded meeting between Erdogan and his Egyptian counterpart, President Abdel-Fattah el-Sisi, also served as a final burial ceremony for what was once an emerging third axis in the Middle East. This axis was distinct from the Saudi-led, pro-Western camp of Arab states that includes the United Arab Emirates (UAE), Morocco, and Jordan, as well as the Iranian-led, self-described "Axis of Resistance" consisting of Lebanese Hezbollah, Yemen's Houthis, the Bashar al-Assad regime in Syria, and Shia militias in Iraq. 

That partnership consisted of Turkey, Qatar, and movements and political parties in the Middle East and North Africa rooted in the Muslim Brotherhood and the Sunni political populism that peaked in the region following the 2011 Arab uprisings. Erdogan last visited Cairo in 2011, when he came to address the Arab League while pro-democracy and Islamist protesters were still triumphantly celebrating the toppling of longtime President Hosni Mubarak. In the afterglow of the Arab uprisings.

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Sweden had promised to gift two Swedish AWACS planes to Ukraine:

    Sweden has announced sending its Saab 340B AEW&C (Airborne Early Warning and Control) aircraft to Kyiv, as per an announcement made by its defense ministry on May 29, 2024.

Given the nature of the Institute of Communications in Poltava it is likely that the Swedes were training Ukrainian operators for those.

h/t MofA



'Sapere aude'
by Oui (Oui) on Wed Sep 4th, 2024 at 04:07:03 AM EST

Guessing game ... who is the real Winston Churchill? Fools.

'Sapere aude'

by Oui (Oui) on Wed Sep 4th, 2024 at 04:07:55 AM EST
Bidding friends good-bye ...



'Sapere aude'
by Oui (Oui) on Wed Sep 4th, 2024 at 08:02:28 AM EST
Missed the last date for new elections ... WTF who cares? Times of Soviet era relives in Kyiv.



'Sapere aude'
by Oui (Oui) on Wed Sep 4th, 2024 at 08:03:21 AM EST
[ Parent ]
Zelenskiy reshuffles Ukraine cabinet as Russian missile strike targets Lviv | The Guardian |

A wide-ranging government shake-up is under way in Ukraine, with the foreign minister, Dmytro Kuleba, the latest key official to submit a letter of resignation, according to the parliamentary speaker, Ruslan Stefanchuk.

News of the reshuffle came as Russia continued its relentless air barrage on the country, with a missile strike on Wednesday killing at least seven people in the western city of Lviv, according to local officials. Andriy Sadovyi, the mayor of Lviv, usually considered a safe haven, said three of the seven dead were children.

Several ministers have already submitted letters of resignation, and a presidential aide dismissed. It is set to be the biggest shake-up of senior officials since the beginning of the war, and has been expected for months.

It has been portrayed as a political "reset" engineered by the president, Volodymyr Zelenskiy, and his close circle, before winter, which is expected to bring electricity shortages after Russian strikes on critical infrastructure and difficult news from the front.

[...]

Other key ministers who are reported to have submitted resignations are Olha Stefanishyna, the deputy prime minister in charge of leading Ukraine's push to join the European Union, and Oleksandr Kamyshin, the minister for strategic industries, who oversees arms production and development. Some of those resigning may end up with other posts in government.



'Sapere aude'
by Oui (Oui) on Wed Sep 4th, 2024 at 08:45:35 AM EST
[ Parent ]


'Sapere aude'
by Oui (Oui) on Wed Sep 4th, 2024 at 08:46:51 AM EST
[ Parent ]
by Oui (Oui) on Wed Sep 4th, 2024 at 12:00:10 PM EST
[ Parent ]
The dangers of confirming your beliefs ...

Google Trends is reporting an astonishing spike in searches for "petrodollars" in the past two weeks, to the highest on record. This is apparently because of a viral story that on 9 June Saudi Arabia failed to renew a secret 50-year deal with the US to keep oil priced in dollars.

The US and Saudi Arabia did establish a Joint Commission for economic cooperation in June 1974. This aim was to help Saudi Arabia spend its sudden glut of dollars on US products. In July of that year, Saudi agreed to invest oil dollars in US Treasuries (this was kept confidential until 2016).

Oil has always traded in non-dollar currencies. In January 2023, Saudi indicated it was happy to negotiate oil sales in other currencies. The possibility changes little for financial markets. Saudi Arabia's riyal remains pegged to the dollar, and its stock of financial assets are dollar focused. The dollar's reserve status depends on how money is stored, not how transactions are denominated.

This is a reminder of confirmation bias. The story seems to have started in the crypto world. Many crypto speculators desperately want to believe in the dollar's demise. Confirmation bias encourages people to ignore what is realistic if their prejudices are seemingly confirmed. This is a poor investment strategy.



'Sapere aude'
by Oui (Oui) on Sat Sep 14th, 2024 at 07:47:14 PM EST



'Sapere aude'
by Oui (Oui) on Sat Sep 14th, 2024 at 07:48:42 PM EST
[ Parent ]


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