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- Deutsche Bank involved in money-laundering suspicion 15.01.2013
/ After the Libor scandal, it appears Germany’s Deutsche Bank, which has also been accused of triggering the economic crises in Turkey, has now been dragged into allegations of money laundering. Deutsche Bank Italy’s 80 POS devices providing electronic payment options were blocked at the start of the year.
- PM Erdoğan I will be bringing S&P up at G20 24.05.2012
/ Prime Minister Erdoğan is accusing S&P for political motives being behind their decision to downgrade Turkey’s rating and states, “I am going to bring the issue to the agenda at the G20 meeting.”
- S&P is out and a Turkish rating institution in 22.05.2012
/ Prime Minister Erdoğan has drawn the line against S&P which unjustifiably dropped Turkey’s rating, by stating “If necessary, we will one-sidedly cancel our contract with the institution. The Prime Minister also delivered the good news of Turkey’s plans to establish its own rating institution.
- S&P continues to flounder 18.05.2012
/ After unjustifiably downgrading Turkey’s rating, now S&P analyst Zhang states, “The government has received our message”. Speculation has surfaced as to whether the message intended was on increasing the interest rate.
- The Prime Minister was right in his reaction to S&P 11.05.2012
/ IMF Chief Lagarde expressed that Turkey’s reaction to S&P's rating downgrade was correct. Lagarde stated, "I heard what the Prime Minister said. If it is thought that a mistake was made, then there is no problem expressing it. We made a mistake in growth and rectified it. That is something everyone can do.”
- Babacan: S&P is way behind 10.05.2012
/ In reference to the recent downgrade of Turkey’s rating, Deputy Prime Minister Ali Babacan says S&P is way behind and their recent announcement “has had no impact on Turkey whatsoever”.
- Erdoğan's S&P rebuke draws global attention 05.05.2012
/ Prime Minister Erdoğan’s reaction to S&P's rating drop by saying “We no longer recognize you,” has ignited a global revolt against credit rating agencies. While support has been raining in from abroad, Europe is now determined to establish its own rating firm.
- S&P says Turkish economy could be set for hard landing 28.07.2011
/ Turkey's economy could be heading for a hard landing and Standard & Poors is watching for measures taken to prevent overheating, Frank Gill, an analyst at the credit ratings agency said on Wednesday.
- Turkey’s PM: S&P has lost all credibility 04.05.2012
/ Prime Minister Erdoğan harshly criticized S&P’s decision to switch Turkey’s rating from positive to stable by calling the decision ideologically-based. “You cannot make Tayyip Erdoğan buy this, we no longer recognize S&P,” states the Prime Minister.
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