Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

by Ben Pena August 18, 2018, 1:16
Pres. Trump: We Won't Pay For Pastor's Release Because He's Innocent

One of Turkey's high criminal courts has rejected US pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency.

The investment package was announced after Qatar's Emir Tamim bin Hamad Al-Thani met President Tayyip Erdogan in the capital, as Turkey grapples with a collapsing lira and a worsening commercial and political standoff with North Atlantic Treaty Organisation ally the United States.

The Turkish Lira has lost almost 40 percent of its value against the USA dollar since the start of the year.

President Donald Trump last week ramped up his attack on Turkey by doubling USA tariffs on Turkish aluminium and steel imports.

"We have more that we are planning to do if they don't release him quickly", Mnuchin said during the meeting. In response, the lira lost almost one-third of its value in three days. "Our relations with Turkey are not good at this time!"

Talking about Brunson at the White House, Trump said that "we are not going to take it sitting down".

The latest U.S. announcement came after Turkish Finance Minister Berat Albayrak, the son-in-law of President Recep Tayyip Erdogan, sought to soothe markets during an unprecedented teleconference on Thursday with hundreds of foreign investors from the United States, Europe to Asia.

FILE PHOTO: U.S. Dollar banknotes are seen in this photo illustration taken February 12, 2018.

Turkey says the case is a matter for the courts.

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According to the Middle East Eye, officials in Ankara are willing to concede to USA demands for the freedom of Andrew Brunson, an evangelical preacher accused of playing a role in the attempted coup there in 2016.

President Trump tweeted Thursday evening calling for Brunson's release, saying that the U.S.

Should private Turkish debtors, who owe around 75% of Turkey's external debt, fail to service their share as a result of the nosediving lira and creditors' unwillingness to lend any more hard currency, the European financial system might have to absorb significant losses.

The problem with the new strategy is that it aims directly towards Apple which remains unaffected as Turkey relies on Apple and not the other way around, according toMashable.

US President Donald Trump last Friday announced he would double tariffs on Turkish steel and aluminum, mocking the slide of the Turkish lira on Twitter. Its leader lives in Pennsylvania and the USA has rejected calls from Turkey to have him extradited.

The currency crisis has deepened concerns about the broader economy - particularly Turkey's dependence on energy imports and whether foreign-currency debt levels pose a risk to the banking sector.

He said: "We put sanctions on several cabinet members".

The turmoil has raised fears of a looming economic crisis in Turkey and prompted alarm that foreign investors in the country, including Qatar, could be hit in the fallout.

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