Turkey: Foreign policy costs

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

27 January 2020

Hasnain Malik

Strategy & Head of Equity Research @ Tellimer Research

27 January 2020

Published by Tellimer Research

Hasnain Malik

Strategy & Head of Equity Research

27 January 2020

Published by Tellimer Research

In the past three months, Turkey has committed itself militarily to international operations in Syria and Libya. Although the number of troops sent to Libya is unclear (and may be quite limited thus far), the signalling is clear. Turkey is increasingly adding the threat of military action and actual deployment to its foreign policy toolkit and this has repercussions for the investment debate.

This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.

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Turkey: Foreign policy costs