Turkey

Euro Surges To 2-Year High In "Bipolar" Draghi Reaction; Futures Flat

"Draghi tried to talk the Euro down, even going so far as to suggest that ECB’s quantitative easing could be increased and prolonged," said Swissquote Bank's Yann Quelenn. "But the currency markets were not buying Draghi’s line, and neither are we. Available bonds are too scarce, and turn to a taper is too clear to disguise."

Washington's "Good Terrorists, Bad Terrorists" Policy In The Middle East

"...More to the point, raising funds for proxy wars from the Gulf Arab States allows the Western executives the freedom to evade congressional scrutiny; and the benefit of buying weapons from the unregulated arms’ markets of the Eastern Europe is that such weapons cannot be traced back to the Western capitals; and using jihadist proxies to achieve strategic objectives has the advantage of taking the plea of “plausible deniability” if the strategy backfires, which it often does."

Germany Blocks Defense Exports To Turkey In "Worst Crisis Since World War II"

The "worst crisis between Germany and Turkey since World War II" just took another turn worse, after German media reported that in the latest escalation to date between Berlin and Ankara, Chancellor Angela Merkel will freeze present and future Turkish orders of defense goods amid souring diplomatic relations between the two nations.

Here's Why The US Just Took 'Rebranded' Al-Nusra Front Off Terror Watch-Lists

"The US State Department is hesitant to label Tahrir al-Sham a terror group, despite the group’s link to al-Qaeda, as the US government has directly funded and armed the Zenki Brigade, one of the constituents of Tahrir al-Sham, with sophisticated weaponry including the US-made antitank TOW missiles."