Bloomberg Business quotes Rafik Hariri Center Nonresident Fellow Aaron Stein on the correlation between the sudden drop in the Turkish lira and the suicide bombing near the Syrian border:
Turkey’s currency and its equity benchmark posted their biggest declines in three weeks after a bombing at a cultural center in Suruc near Turkey’s border with Syria killed at least twenty-eight people. The bomb struck a group of young activists preparing to cross the Syrian border to reach the Kurdish stronghold of Kobani, devastated during months of fighting last year with Islamic State.
[…]
There was no immediate claim of responsibility for what the Interior Ministry called a terrorist attack that left more than one hundred others wounded.
“Any major provocation against Turkey risks bringing it more forcefully into the war,” said Aaron Stein, a non-resident fellow at the Atlantic Council’s Rafik Hariri Center for the Middle East.