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.

Read the full article here.

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