Financial markets in Istanbul were pummeled this week as the tit-for-tat visa spat between the Unites States and Turkey escalated. Turkish stocks and currency values fell on Monday before rebounding in Tuesday’s trading. The Oct. 8 decision by the United States to place the NATO ally on the same list of pariah states as North Korea and Iran comes at a critical time for the Turkish economy. Mil Arcega has more.
Turkish President Recep Tayyip Erdogan appears to be escalating a diplomatic clash with the United States, saying the U.S. should immediately withdraw its outgoing Ambassador John Bass if he failed to consult with his superiors over a decision to suspend visa services. The U.S. State Department is asking why Turkey detained two of its locally-employed staff in Istanbul-which it says prompted the visa suspension in the first place. VOA's Diplomatic Correspondent Cindy Saine reports.