Turkish stock market dropped 10%, and interest rates on their bond market skyrockete

Doglips · 03-03-2003, 08:46 AM

There's voting and then there's voting. The Turkish Parliament has voted against letting American soldiers onto their soil.

The Turkish stock market is voting that the Parliament has its head up its ***. In the last couple of weeks their market had been assuming that a deal would be made which would include huge amounts of direct US aid and even more loans as a quid pro quo for letting us stage troops north of Iraq. Now the prospect of such an aid package seems bleak indeed, and in the first seven minutes of trading on Monday the market dropped 10%, and interest rates on their bond market skyrocketed.

I think the Prime Minister is going to have some questions to answer. I must say that it's rather difficult to feel much sympathy for him.

NRAJOE · 03-03-2003, 08:56 AM

They can go pound sand.....

Sniper[MI] · 03-03-2003, 04:26 PM

Right on Joe!!

Lord knows they have enough sand over there.......

Shaun · 03-05-2003, 02:11 AM

Does this mean the price of my favorite Turk mausers will be droping in proces from $35 to $5

03-03-2003, 08:46 AM	#1
Doglips Senior Member Join Date: Mar 2002 Location: Cocoa Florida Posts: 9,089	Turkish stock market dropped 10%, and interest rates on their bond market skyrockete There's voting and then there's voting. The Turkish Parliament has voted against letting American soldiers onto their soil. The Turkish stock market is voting that the Parliament has its head up its ***. In the last couple of weeks their market had been assuming that a deal would be made which would include huge amounts of direct US aid and even more loans as a quid pro quo for letting us stage troops north of Iraq. Now the prospect of such an aid package seems bleak indeed, and in the first seven minutes of trading on Monday the market dropped 10%, and interest rates on their bond market skyrocketed. I think the Prime Minister is going to have some questions to answer. I must say that it's rather difficult to feel much sympathy for him.

03-03-2003, 08:56 AM	#2
NRAJOE Senior Member Join Date: Apr 2002 Location: Toledo,OH Posts: 19,051 Images: 3	They can go pound sand..... __________________ U.S. Army 1976-1979 237th Combat Engineers Heilbronn, Germany

03-03-2003, 04:26 PM	#3
Sniper[MI] Senior Member Join Date: Apr 2002 Location: Future 51st state, "New Hope" Posts: 3,796	Here here! Right on Joe!! Lord knows they have enough sand over there....... __________________ FNUH!

03-05-2003, 02:11 AM	#4
Shaun Super Moderator Join Date: Mar 2002 Location: Nashville, TN Posts: 8,592 Images: 1	Does this mean the price of my favorite Turk mausers will be droping in proces from $35 to $5 __________________ "Homeland Security is the responsibility of an armed citizen" ME http://webpages.charter.net/s.s.v/