Cyprus-Forum.com

[Lordo]

Exactly my point, how old were you again????

So are you old and wise enough to understand that these carelessly thought out threats will have unforeseen consequences if Turkey persists in its laughable attempts at intimidation of EU Energy Giants...???

Are you old and wise enough to have looked up the terms of the Customs Union VP...???

Are you old and wise enough to have looked up the binding arbitration which Turkey has signed up to under the Customs Union Treaty...???

Suspect... Probably not, to all the above.

customs union is one thing giving contracts to private companies is another. are you suggesting that no country has the right to decide which private company they will work with and which ones they can refuse. and if turkey punishes a private company for acting against turkish interests they will then punish that country by removing them from customs union. is it that easy to break a contract between governments.

[Demonax]

Turkey can threaten and bluster all it likes. No-one is paying attention. I look forward to Turkey threatening Gazprom and Total. Pretty soon, Turkey will have no energy companies to work with...

[Viewpoint]

ISTANBUL (Reuters) - Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.

The credit ratings agency highlighted a moderate and declining government debt burden, a sound banking system, favourable medium-term growth prospects and a relatively wealthy and diverse economy.

The upgrade prompted a rally in Turkish financial markets, which had been anticipating the move in recent weeks, with the lira firming against the dollar while the benchmark bond yield fell to a near record low of 6.8 percent from 6.98 percent.

Fitch's decision was likely to boost the Turkish economy, Europe's fastest growing last year but slowing sharply this year, making the country more attractive to foreign investors.

And to all the doom and gloom merchants, up yours.

[bill cobbett]

Exactly my point, how old were you again????

So are you old and wise enough to understand that these carelessly thought out threats will have unforeseen consequences if Turkey persists in its laughable attempts at intimidation of EU Energy Giants...???

Are you old and wise enough to have looked up the terms of the Customs Union VP...???

Are you old and wise enough to have looked up the binding arbitration which Turkey has signed up to under the Customs Union Treaty...???

Suspect... Probably not, to all the above.

customs union is one thing giving contracts to private companies is another. are you suggesting that no country has the right to decide which private company they will work with and which ones they can refuse. and if turkey punishes a private company for acting against turkish interests they will then punish that country by removing them from customs union. is it that easy to break a contract between governments.

What is being suggested is that some, including depts of the Turkish Government, Lordo and VP, should be looking up the small print of the Customs Union, in much the same way that the lawyers of the Italian Company ENI have probably been doing this morning before they made calls to the EU Commissioner for Trade and Development (who oversees trade treaties with third-parties).

[Lordo]

agreements at the governmental level is at that level. it has nothing to do with private companies. if turkey applied extra tax on the goods of of all the companies is one thing but simply not giving them contracts i dont think constitutes any wrong doing. after all it is a free country right.

[Demonax]

agreements at the governmental level is at that level. it has nothing to do with private companies. if turkey applied extra tax on the goods of of all the companies is one thing but simply not giving them contracts i dont think constitutes any wrong doing. after all it is a free country right.

I look forward to Turkey telling more multi-national energy companies to stop investing in Turkey. I think this is a good long-term strategy for Turkey to pursue. It makes good sense on every level...

[Lordo]

now you are making sense. of course it will. they will have to develop their own and fast.


enjoy the end game.

have they started the drilling for bringing the gas to the surface yet?

[Demonax]

now you are making sense. of course it will. they will have to develop their own and fast.

Yes. I understand the Piri Reis is on standby.

[Kikapu]

ISTANBUL (Reuters) - Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.

The credit ratings agency highlighted a moderate and declining government debt burden, a sound banking system, favourable medium-term growth prospects and a relatively wealthy and diverse economy.

The upgrade prompted a rally in Turkish financial markets, which had been anticipating the move in recent weeks, with the lira firming against the dollar while the benchmark bond yield fell to a near record low of 6.8 percent from 6.98 percent.

Fitch's decision was likely to boost the Turkish economy, Europe's fastest growing last year but slowing sharply this year, making the country more attractive to foreign investors.

And to all the doom and gloom merchants, up yours.

Turkey is not a European country for one.

Secondly, Turkey is a developing country where the rest of Europe are developed countries, so it's like comparing oranges and apples.

Fitch's move does not mean that Turkey will automatically be included in benchmark investment grade bond indexes because other agencies would have to move as well.

http://www.hurriyetdailynews.com/fitch- ... sCatID=346

[Viewpoint]

ISTANBUL (Reuters) - Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.

The credit ratings agency highlighted a moderate and declining government debt burden, a sound banking system, favourable medium-term growth prospects and a relatively wealthy and diverse economy.

The upgrade prompted a rally in Turkish financial markets, which had been anticipating the move in recent weeks, with the lira firming against the dollar while the benchmark bond yield fell to a near record low of 6.8 percent from 6.98 percent.

Fitch's decision was likely to boost the Turkish economy, Europe's fastest growing last year but slowing sharply this year, making the country more attractive to foreign investors.

And to all the doom and gloom merchants, up yours.

Turkey is not a European country for one.

Secondly, Turkey is a developing country where the rest of Europe are developed countries, so it's like comparing oranges and apples.

Fitch's move does not mean that Turkey will automatically be included in benchmark investment grade bond indexes because other agencies would have to move as well.

http://www.hurriyetdailynews.com/fitch- ... sCatID=346

Sounds like sour grapes to me, must make you feel sick Kikapooo.