(Kurdish) Peace Process: A little bit of Peace, a lot of Process

TURKEY - In Brief 15 Jul 2025 by Atilla Yesilada
Most visitors come back from Bodrum with fun memories: Sun-kissed pristine beaches, endless rave parties and excessive food and alcohol consumption. Your Truly came back with food poisoning, thus skipping his contribution to our Weekly Tracker. This Market Brief is to atone for his sins, where he makes four important points: Erdogan’s all-out war against CHP will continue for the foreseeable future, triggering small-scale confidence shocks.A small group of PKK militants symbolically burned their arms, thus starting the Peace Process. Kurdish actors now demand Erdogan and Bahceli address their conditions prior to the drafting of a new constitution. Giving Kurds as little as possible, while prosecuting the war against CHP is presenting Erdogan with the toughest policy choice of recent years.Syria is ablaze once again with sectarian clashes and Israeli raids on Syrian Army targets. Syrian Kurds will not lay down their arms, pushing for an autonomous region. Stabilizing Syria is now the single most important foreign affairs priority of Erdogan, with ramifications for the Peace Process, and relations with Israel and the US.My unsolicited view of Turkish financial assets has turned tactically optimistic, with strong TL policy underpinning returns and negative news flow re political oppression to be supplanted with a better Turkey narrative. War between Erdogan and CHP: Since my last writing, CHP Sile borough mayor (Istanbul) has been put under arrest pending charges of corruption, while opposition daily Cumhuriyet claims CHP’s legendary ex-mayor for Eskisehir City, Mr Yilmaz Buyukersen may be indicted for the same crime and most likely to visit the prison, too. Erdogan conti...

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