Ankara’s War

ANKARA/BERLIN (Own report) – Berlin has reacted to Turkish air strikes on the “Islamic State” (IS) and the PKK, with both praise and sharp criticism. After several IS attacks on Turkish territory, Ankara halted its support for the IS last week and launched air strikes on the organization in northern Syria. For years, the West, including Berlin, had been benevolently observing how Ankara had been granting assistance to the IS – as an aspect of the war against the Bashar al Assad government in Syria. Ankara is now following the change of course, initiated last year by the West, when it declared war on IS. Berlin’s sharp criticism of Turkish air strikes on PKK camps in northern Iraq must be seen in the context of Turkish plans to invade northern Syria, which would lead to a confrontation with Kurdish forces affiliated to the PKK. Germany clearly rejects such an invasion because either it would strengthen Ankara, which recently has been regularly opposing Berlin, or it would turn another EU-bordering country into a theater of armed conflict – between the Turkish armed forces and Kurdish units.

“Greece Is Coming To Your Neighborhood” Marc Faber Warns

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“Wake up people of the world and investors. Greece will come to your neighborhood very soon, maybe not this year, but next year or whenever it is, because the world is over infected. And defaults will follow, or they will have to create very high inflation rates.”

That’s Marc Faber’s message to all of those who may still think that Greece doesn’t matter in the grand scheme of things. In an interview with Bloomberg TV, Faber talks Greece, China, and of course the Fed.