turkey doesn't deserve this. soon make reforms and restorations to resolve these issues and we will soon go back to a parliamentary regime in turkey. >> the turkish people have always depended and trusted mr. erdogan to take care of the economy, and for many years it's been a very, very rapidly growing economy. how much trouble is the slowing economy and the devaluation of the lyra, how much trouble is that for mr. erdogan right now? >> translator: during erdogan's era, turkish debt has increased by $333 billion. this is to say at the moment turkish debt is $453 billion. erdogan has indebted turkey. the current deficit is $55 billion. inflation in the kitchen is about 30%. one in every four educated young people are unemployed. turkey is holding elections under such circumstances. the recession is at our doorstep. erdogan didn't run turkey well. the growth is an artificial growth. erdogan buried the money in concrete. he didn't invest in factories, production and investments. i am going to work on agriculture-bas

that's a much higher percentage than the party received in turkey itself. tickets electing campaigning in the german capital is good advice and his friends are canvassing for two keys pro kurdish h d p party this is for you but this is for the election in turkey were against another one they didn't do that well against airtel one ok i'll take one. is your left turkey because of president add on he's very concerned about politics in his home country. he's been. indicted and i've been in germany for six years. and many of my friends and my entire family are still there and they're dissatisfied and we have to change it or topple this government. and that's why we're working from germany to support those who stand for democracy in turkey. to cry. but not everyone here is against and on these women are complaining for the turkish president and his a.k.p. party they don't like speaking to the gym impress me and initially brush me off as we are campaigning for the a.k.p. if you want we can take a vote by card on. this whose party colleagues from the age c.p.c. to

turkey. well as you've heard jack is economy is facing major challenges the lira has dropped to a record low against the dollar down by almost twenty percent as celera fell the inflation rate sawed beyond twelve percent the highest it's been in six months on a slightly better net the economy grew by seven point four percent in the first three months of this year but analysts are warning that there are signs of strain. thank you. right let's introduce our guests now in ankara we have with her teen at a man who's editor of insight turkey and director of the setter think tank education and social policy from london we have thirty her career a consulting fellow in the euro program at chatham house and also in ankara by skype we have url's girl who is professor in the department of international relations at bill kent university thank you all for joining us can i start with you martine president edwin in these elections are is is facing a confluence of extraordinary factors in he's got to revitali

when european union behaves turkey that on that turkey needs european union turkey needs european union and european union needs turkey we are everywhere of this but some european countries unfortunately don't see the fact so why so you don't even the man on the set your needle tongue trees in the european union actually against turkey's membership made big my shirt off the e.u. countries you members this actually are in favor of turkish is why internationally you know one membership anymore he said you struck you as a lawyer as it were the reaction to this is the reaction of the country who has been waiting at the door for sixty years ok sixty years so i was away that it is turkey is a mistake so why they said yes so why threaten europe in march last year when the deadline date running what can what kind of threaten in march last year what is the sematic route with germany was at its height your president said that if europe continues this way no european in any part of the world can walk safely on the streets that's what he said that's a threat that's a direct threat no it is not a tr

regions he could now face trial in turkey for supporting terrorism. but has been welcomed by germans who have a lot to do with the turkish community. usually people in rich berlin there are artists among them activists academics. i know some of them from the days of the gazey park protests. it came to show the host it's very nice for us to have them hand but i would say it's a very difficult situation for them here she awake. and his german wife yulia shorts have founded an online university participants can sign up for seminars and lectures on subjects that are off limits in turkey. were mainly catering to academics who aren't in a position to leave turkey because their passports were confiscated at the kind of house or those who have been fired from their jobs. or we try to help them find new work opportunities abroad who are here including here in germany that want our plant gotten trapped in the salvage a q q. a from the ultimately it's not just for turkish students and teachers. for the planners to make it a multilingual platform of information f

of the turkey in action on al-jazeera. you can all. see. this weekend's elections in turkey millions of people go to the polls to elect the president and the new parliament it's the first time since the referendum last year when the people approved a new constitution giving more power to the presidency. today on talk to al-jazeera we discuss what president aerator going to hopes to achieve if he wins a new term in a conversation with the spokes person. but first another contender for the presidency the leader of the sadat party he says president heir to gun is not doing enough to unite the muslim world abroad and is moving the country to a dictatorship at home. with a time out term allowed to thank you very much for talking to al-jazeera and i thank you that much traditionally you and your party have been allied with president around on the k.p. what is it that's made you peel away from the alliance in these upcoming elections well we looked away from them they peeled away they left us they left the principal old added back on and stop that

member a time when out on wasn't turkey's leader but unlike a.k.p. campaigners she's had enough of him in a thread he invests in rather than an education he behaves like a racist a warmonger or a nationalist he doesn't care about the people that's why we say it's enough to end one he and his people say we build roads and bridges for you but in fact so many people don't have her. or anything to eat. turkey is a youthful country roughly fifty percent of those alledged will to vote are under thirty an entire generation that's grown up with the address and the religious conservatism of his justice and development party. pensions and everything has an expiry date an error one is already out of date done done talk downside in this thing in the new law is but i want more freedom we should be able to think freely that is the kind of turkey i want to live in it's all to sixteen years is a long time for a government of the same mentality the same person a power that's not good. i'm not sure whether overall for everyone but i don't think there's anyone else who

turkey's president. returning to office with sweeping new executive powers he says it's a win for democracy but international monitors of criticize the outcome saying the ruling party had unfair advantages in sunday's polls will now be able to issue laws by decree and make key appointments to the judiciary and the civil service has the latest from ankara. there were stark differences in the messages from red to saber two on the victor of sunday's election and his closest contender his closest rival a hundred injured a one repeatedly said that she planned on being a president for all of turkey he said that she would not allow for any person to be discriminated against in this new turkey under this new system regardless of their political views their gender or their ethnic origin obviously this is seen as maybe an attempt by the president to reassure those who are concerned on that this new system a lot of the power is concentrated in the presidency in one person contrast and compare that to the statements

that's why they want to vote for turkey and why so many support the a k p p. but not everybody does. and it's doing their own support. is helping to mobilize by canvassing for the h d p campaigning in berlin against the president but. it. is reporting there from berlin well let's cross over to the w.'s chief political editor mckay there standing by our parliamentary studios michela as we just saw in the last election around sixty percent of turkish voters here in germany cast their ballots for a.k.p. can we expect a similar result. well who am i to predict election results but certainly added one is seen as the representation also of turkish identity here in germany and this is really what differentiates the electorate spock home in turkey itself from those of one point four million turks here in germany who can vote and it seems to be part of this ex-pat syndrome that you then vote for your own country add one very much last time try to make that referendum that we saw here on the constitution certainly about whether you are on the side of turkey or whether y

you have how do you have egypt you have countries that actively are working to damage turkey. you know this happened in the past as well only if there is a mind a mind which is that determined to correct the mistakes that the countries are making you have to hug them you have to bring them to us table and discuss the matters what the mistakes they are making must have you must show them that the decisions they are taking are wrong but this is not achieved by quarrelling with them fighting with them going to war with the muslim world is burning. all over i mean we have to see what is happening we have to try to bring them together so that we shall pull out for all our selves if the americans or do you peons or israel interfere they will not be able to come together they don't want us to come together this is a win that we have to put into effect to be fair in the past ten years turkey is a leadership role region least specifically in the muslim world has increased dramatically ten fifteen years ago no one really cared what turkey's policies were to be honest i know that so that

and turkey recently has been the turkey's desire to buy the f-35 u int strike fighter jets.here's been, as yow, opposition in the congress for a mber of reasons including the fact that turkey has said it wants to buy rusan surface-to-air missile systems. did you discuss it with secretary pompeii? >> yes, we discussed all thsue as well. desire. all, it is not a desirs it is a deal. it is an agreement. it is a multiparty program. d we have been in that program including some joint production, production of the parts ofu f-35s inrkey. so turkey has been paying the installments on time, on due time. andurkey have met alle requements, but you cannot cancel this deal because of s-400s that we are buying. it is totally dfferent issue. that is the air defense system.h e had urgent needs. we had to buy r defense system. in last ten years, we tried to buy from united states, which is our ally, but it didn't work. u.s. couldn'tin sell us bu this case, i have to protect my airspace and i had b touy from somebody. >> woodruff: but right now, the ngress is saying, at this point, that the

yeah that's why they want to vote for turkey and why so many support the a k p. but not everybody does. and it still is who don't support. is hoping to mobilize by canvassing for the h d p campaigning in berlin against a turkish president but. joining me now is the chief political editor chris not a parliamentary studious nisha germany has a large ethnic turkish minority of this election in turkey comes as relations between turkey and germany have been strained over the several issues how's that played into the campaigning. well the attempt on the german side was to try and keep those bad bilateral relations out of this election campaign which is largely been banned in terms of turkish politicians appearing in germany from german soil they simply won't and as we saw in that report that there are attempts to narrow down the question in these elections on pro or anti kurdish we saw a kurdish campaign that at the same time out of one is trying to frame this in either being for or against him him of course being very popular having won this past referendum on empower

they will then be transported and open to turkey on june twentieth. that if you took i for part of even the opposition pro kurdish h d p is not afraid of vote rigging in germany but they complain that no one from the h.t.t.p. is permitted to accompany the ballot boxes to turkey and once they've arrived it will be days before they're counted. the slimmest that's what's bad is that the vote banks will be locked up for three or four days in storage rooms and we don't know what will happen there is among these a lack of trust between the various political camps also in berlin thanks for more let's go now to turkey on our correspondent dorian jones who is standing by with the latest from istanbul and dorian as we saw there early voting in the snap election now currently underway give us a sense of how crucial these overseas votes will be particularly those from germany . well it's about three million overseas voters of which germany accounts for about a hof of those votes now that's about seven percent of the fifty five million electorate and now those vot

stuck in turkey. it was the fall and fall and i knew the decisions would be politically motivated and i think that's what happened today to. february two thousand and eighteen denis you a correspondent for the german newspaper divot was released from prison and tacky and i love to leave the country immediately. when foreign ministers ignite gabriele met a number of times with turkish representatives to discuss terms. in january got will had ruled out germany exports the weapons to turkey as long as the in a future remained in prison after each other was released under expressed its continued interest in german tanks mashallah to who is still stuck in turkey but reports claim that a german tank manufacturer resumed talks with a turkish weapon maker. stefan my s.s. turkey is an important partner for germany also in terms of security policies. well for the and for that reason it should be legitimate for german weapon manufacturers to seek and maintain contacts with a nato partner such as turkey long took

and join triumphant in turkey's election edge once said to see him stripping the hours off the decisive victories in sunday's presidential and parliamentary vote but the main opposition candidate says the country is cutting its links to democracy and heading towards a one man regime also coming up good really gain tried little else from key e.u. leaders for the german chancellor seeking a european solution to migration unlikely enters a crucial week as she seeks to find agreement on refugee policy or risk losing her job. and give a gold good lure on sunday at the world cup off to england seven gold trail of colombia followed suit the south american city free pass to poland knocking the european side out of the competition and boosting their own hopes of reaching the crowd stages of the two on the. plate. played. in a warm welcome to you i'm good thanks. turkey's mean opposition candidate has conceded defeat to president richard drawn in national elections but my head i'm in she has warned the country was headed into an era of dangerous one man rule edwin's victory has granted him sweepi

and mostly for turkey though a good business relationship with germany is crucial with germany turkey has the biggest export trade volume last year they exported goods for about fourteen billion euros to germany followed by the u.k. and italy in general the european union is the most important trading partner for turkey so it's in their own interests that business relationships won't get worse but one thing is very clear turkey these germany and the european union weigh more as the other way around turkey is not even in the top ten for the very export oriented german industry the trade volume with turkey was at a level of twenty one point nine billion euros last year just to compare this for example with the united states that trade is estimated to be at a level of one hundred and five billion euros and with friends at the level of one hundred and one billion euros but yes there is this fear that's also what an investor told me this morning that with now an even stronger president business relationships with turkey could suffer and that also the atmosphere for german companies inside

in turkey and brought. turkish citizens out of cast their vote. and i would like to thank my brothers and sisters for doing so. the security of the ballots. have been insured and shown the strength of the turkish democracy that. the people have voted to freely went to the ballot boxes of and switch over. all. elections are peaceful and the markets have been held to a mature boy. while. it's. this is. a win win situation for everyone. and i would like to thank all candor dies it is for all that and i would like to congratulate them. criticize or cost down on the election system because they cannot digest their defeat which. has been a record turnout is true. and this is so very important in my search took a while but the message is very clear. there has been a voter turnout ninety percent unsure if we have given a lesson after. the other kind of traceable in other countries turnout is around fifty percent. and these countries call them democratic but in turkey the motor turnout of course ninety percent so we have shown how democratic elections are

after my last trip to turkey, i decided that we had to get turkey's attention. and on a bipartisan basis, we started that by passing an amendment in the national defense authorization act that will ask very important, or ask for the answers to very important questions. one of those, some of those have to do with the illegal detainment of american persons in turkey. the other one has to do with a very important, in fact the most sophisticated tactical fighter that's ever flown through the air, the joint strike fighter or e f-35. turkey is a very important part of the supply chain to the joint strike fighter, and turkey has requested joint strike fighters to put into their air arsenal. on its surface because they are a nato ally, i don't object to it. but today i strongly object to it. so we passed language in the national defense authorization act that we'll be voting on fairly soon that will put turkey on notice, choose what you want to be. do you want to be an ally that treats your other ally citizens with respect, do you want to be an ally that builds defense

they will then be transported and open to turkey on june twentieth. one go for that if you took i for fatah even the opposition pro kurdish h d p is not afraid of vote rigging in germany but they complain that no one from the h.t.t.p. is permitted to accompany the ballot boxes to turkey and once they've arrived it will be days before they're counted. the slimmest that's what's bad is that the vote banks will be locked up for three or four days and storage rooms and we don't know what will happen there isn't one there's a lack of trust between the various political camps also in berlin. and tomorrow it's going to turkey and our correspondent dorian johns who is standing by with the latest from istanbul also dorian we know that this snap election is currently underway how crucial were these will these overseas votes be particularly those from germany. well that's about three million overseas voters of week germany account for just on the heart of that seven percent of the electorate now those vote could be key because the presidential and general electi

turkey's main opposition candidate behind an injury has conceded defeat to president richard drawn in national elections but he warned the country was headed into a dangerous era or one man rule as a presidency comes with new vastly extended power as this physical look at the presidential results took the state news agency on at just under fifty three percent his main challenger who had an injury of the secular c.h.b. the republican people's party received thirty one percent of the vote salahuddin them it josh of the dish h.t.t.p. is there with just over eight percent the parliamentary elections were also held on sunday an edge on islamic conservative a k party in an alliance is also secured a majority in parliament. office in a newly instituted executive presidency with sweeping new authority over the legislature and the judiciary. also. one nation one flag one country the crowd chant led by one man red chip type other one has tightened his grip on power in turkey after winning sunday's presidential poll he thanked his supporters in ankara after the electoral commission declared his

turkey. and more on the high stakes elections in turkey on our website at al jazeera dot com there's a section dedicated to our special coverage all the latest updates on there at al-jazeera dot com on to other world news now in the united states has reportedly told syrian rebels not to expect military support in southern syria near jordan and the israeli occupied golan heights a deescalation zone was established last year which includes parts of the provinces of diderot and connla rebels there are facing a syrian government offensive and in the latest developments a syrian activists report that at least twenty five russian air strikes hit eastern parts of dheeraj overnight. reports. this is the first time global build forces have used battle bombs in the. helicopters struck several villages in what appears to be a major advance to take over the city but this violates a truce that was brokered by russia and the united states in africa to bring an eye and to the seven year war the rebels who a

that's why they want to vote for turkey and why so many support the a.k.p. if it does this but not everybody does not go to the market as the elections in turkey tend to. a running high in billings german take his community people are divided by one simple question are you for or against bridget tight aggro on. one point four million turkish citizens living in germany have begun early voting in the country's presidential and parliamentary elections turkey itself goes to the polls on june the twenty fourth and with six presidential candidates to tie affair to one's position is uncertain but his dominance among turks abroad is more clear within germany he and his party have a double digit lead according to recent polls a lead that could prove decisive germany for its part has banned turkish politicians from campaigning in the country a decision that has enraged long his critics say that his post coup crackdown has made a mockery of democracy and if he wins that power consolidation is likely to continue our coverage of the turkish vote begins with the support.

hello welcome to the show i'm sammy's a than roger has dominated turkey's political scene for the past sixteen years and he looks set to continue for many more to come his reelection on sunday makes him turkey's first executive president well that means he has new expanded powers because of changes to the constitution approved in last year's referendum his main opposition rival accepts the result but how to enjoy says the election was unfair these warne's are the ones one man rule is a danger the turks will how will the balance of power change we'll talk to our guests in a moment but first of all reports from the capital ankara. yet again rich of tape is victorious this success however will taste a lot sweeter for the man who's now won more than ten successive national polls since his ak party came to power in two thousand and two sunday's vote was a gamble by early one who hold for the early elections a time when turkey's currency was at the weakest it's been in year. but it seems to have paid off for the man whose name has now become almost synonymous with that of his country address

news live from berlin turkey heads to the polls in a landmark vote on sunday but will anyone be able to stop president wrench of tires they are to want to take a look at the main opposition challenger hoping to break in a long fifteen year iron grip on power. also coming up the eyes of the soccer world will be on the germany team in the coming hours after the world cup fans of the defending champions have been suffering the blues since the team's opening match unlocks the coach and players and says that germany will rebound against sweden in a do or die match. and in saturday's first world cup soccer match tunisia faced drew cheap favorites belgium and managed to give them a fright early on. thanks for joining us i married a fifteen. it's the last day of campaigning ahead of turkey's landmark elections tomorrow and the candidates for president are rallying their supporters incumbent retch of time to one has been addressing multiple events and is temple action which he called more than a year early is being seen as a referendum on his fifteen years in power one of the chief rivals. ha

this is news live from berlin turkey's political future at stake as it gears up for elections this weekend did you meet the candidates challenging president america won and hoping to head off his plans for a change the constitution and souped up presidency also coming up on the americal downplays expectations for sunday's emergency e.u. summit on refugee policy but the german chancellor is under tremendous domestic pressure on the issue. i'm sorry so much going to get to have you with us turkey heads to the polls on sunday with the future of the country's political system at stake if president recha tie up heir to one wins he's promised to deliver sweeping constitutional changes to further strengthen the presidency which was once only a ceremonial role despite his challengers everything is pointing to another win for the strongman. what it was. president. has been steering the course of turkish politics for more than fifteen years. he has a good shot of reelection which would allow him to further tighten his grip on power. after this presidential election the most common for vital constitu

news live from bergland wretch of tire of the air to want to extend his fifteen year rule in turkey after winning reelection as president he is set to assume sweeping new powers after decisive victories in sunday's presidential and parliamentary elections but opposition parties have cried foul over concerns about a vote breaking and elect a chancellor merkel says there is goodwill toward finding ways to stem the flow of migrants to europe. and the goals were coming fast and furious on sunday at the world cup after england's seven goal thriller colombia full followed suit. the south americans hit three past poland knocking the european side out of the competition and boosting their hopes of reaching the knockout stages of the tournament. i'm sorry kelly welcome to the program thanks so much for joining us. we begin in turkey where the election authority has named retch of type as the winner of sunday's presidential poll extending his fifteen year on power heir to one said the governing alliance led by his islamic conservative party had also secured a parliamentary majority so let's take a

really remind us again what exactly is at stake in this election for turkey. well if it's really like this if missed out on god reelected this evening this night then he will be an almost all powerful man as off tomorrow since these elections are assuring in a new political system here in turkey expanding dramatically expanding the powers of the president at the expense of the parliaments the opposition has been saying this is basically turning turkey into a one man regime into a new talk received but for missed out on this week three certainly means he will be the most powerful man in modern turkish history utopias yulia han reporting for us from accra thank you uli good to talk to you. the leaders of sixteen e.u. countries have stressed their willingness to find a solution to the blocks longstanding migration debate but they ended a meeting in brussels without any concrete decisions the emergency talks were held ahead of an e.u. wide summit beginning on thursday the block is deeply divided over how to manage the flow of asylum seekers to europe here's part o

and today, turkey wa kes at last night's election.e divided nation. what is president erdogan going to do to bring this nation together still a question on everyone's mind and as simon put it, what will happen to the turkish economy, everybody will be watching what is next for turkey. thank you, joining us there from istanbul. we will be talking to an economist about the outlook for the turkish economy, coming later in this programme. the leaders of sixteen eu countries have held an informal meeting in brussels to discuss migration. italy's new populist government welcomed the outcome of the meeting — italy wants other countries to be encouraged to accept more migrants. the issue is expected to be discussed again at a full eu summit on thursday. andrew plant reports. on board the rescue ship the lifeline carrying more than 200 migrants, this footage shows maltese armed forces handing over supplies, but malta and italy have refused to let the ship dock, saying they shoulder an unfair share of the burden. eu leaders met in brussels on s

news live from berlin campaigning has officially ended in turkey ahead of a landmark vote on sunday but will anyone be able to stop president red chip time period i want to take a look at the main opposition challenger is hoping to bring heir to one fifteen year iron grip on power. also coming up the eyes of the soccer world are on the germany team at this hour after the world cup mexico beat south korea earlier this evening meaning the germans must win or draw against sweden or the defending champions world cup campaign will be over. by marion and steve it's good to have you with us campaigning has concluded for a landmark elections to be held in turkey on sunday the candidates spent the final day rallying their supporters incumbent retch of time aired a one addressed multiple of vents in istanbul the election which he called more than a year early is being seen as a referendum on his fifteen years in power and one of the chief rivals mahato n.j. has also been making a final push for votes he addressed a huge crowd also in istanbul. turkey correspondent you do one hundred has taken a c

voting day in turkey itself is on june twenty fourth. well us overseas votes could decide turkey's election around four million people of turkish descent live here in germany and one point four million of those are registered voters president russia type one and his a.k.p. party are favorites to win everyone was enraged that he was banned from campaigning in germany and other countries in europe only majority muslim bosnia allowed him to hold a rally turkey's last election three years ago in that election about three years ago about sixty percent of turkish voters from germany supported the a k p that's a much higher percentage than in turkey itself w.'s negates was out in berlin to test the political temperature. ticky electing campaigning in the german capital is good advice and its friends are canvassing for two key is pro kurdish h d p party this is for you but this is for the election in turkey were against another one if you are not all against erda one ok i'll take one. is your left because of president add on he's very concerned

yeah that's why they want to vote for turkey and why so many support the a.k.p. . but not everybody does. and it still is who don't support and that is good it's helping to mobilize by canvassing for the h d p campaigning in berlin against the turkish president. japanese fans a sense of the u.s. team the president donald trump ahead of next week's planned summit with the north korean leader kim jong un wants the u.s. leader to ask north korea what pyongyang kidnapping of japanese citizens in the nineteen seventies and eighties in our next report we meet the mother of a boy who disappeared when he was just thirteen decades later she found out what had happened. it was here after pan's west coast the first ten year old to kiss she disappeared from a fishing boat he'd gone out with both his uncles they intended to return the next morning but the authorities declared them officially dead soon afterwards. i never believed they were dead but because the boat was damaged in the front many thought there'd been an accident which. she then tells us her incredible story twent

is permitted to accompany the ballot boxes to turkey and once they've arrived. it will be days before they're counted. the slim is that which that is that the vote banks will be locked up for three or four days in storage rooms and we don't know what will happen there. a lack of trust between the various political camps also in berlin. and while it's going to turkey and our correspondent dorian jones who is standing by with the latest from istanbul so dorian we know that this snap election is currently underway how crucial were these will these overseas votes be particularly those from germany. well it's about three million overseas voters of weak germany account for just on the whole of that now about seven percent of the electorate now those vote could be key because the presidential and general election all true close to cool and president will be looking for a very high turnout movies he's both has given the fact that in the polls they have strongly backed him and his ruling a party in previous elections. tell us a little bit more though about the validity o

which both of them turkey sees as a terrorist organization in their own words so turkey wants. clear its borders from those threats identities and turkey insists that membership is an iraq dominated city it should be established and given back to its real owners as you would remember membership was first taken over by eisel and then by the y.p. decide this is turkey is that and turkey says y p t fighters should move to the if certain side of the euphrates river but of course now there is another question because there is some side of the euphrates river that area has six hundred kilometer border with turkey and according to the open sources there are at around seventy thousand why fiji fighters who can be cool might have links with the peak is certain to turkey now is a question whether turkey would be willing to go to do is sit inside of euphrates river as well this is a question analysts say that america wouldn't be willing to make a deal like they did over many bits if organized inside of the euphrates but for now it seems that the talks have a reflection on the field and bo

investors are pulling out of turkey amid a weak lira and rising inflation can the turkish central bank prevent a potential recession or does turkey need aid from outside we asked a professor of international economics also on the show europe's power engine is losing steam in germany factory orders dropping for the fourth consecutive months after. the long wait is over german chemicals giant bio completes its takeover of u.s. seeds john on some toe emerging as the world's biggest player in the agro chemical sector. welcome to do business and we start with breaking news the turkish central bank has raised interest rates to seventeen point seven five percent the move is set to cause more uncertainty for investors less than three weeks ahead of the country's presidential and parliamentary elections the interest rate hike of over one percentage point had been widely expected as data showed this week turkish inflation hit a six month high last month president of the one announced his intention to exert more control over economic policy if he wins the election and that's triggered losses in t

yes, there is no doubt that turkey is a divided country.losely contested referendum that gives him almost a superpower as a president and moves away from the parliamentary system to a presidential system, and there are concerns that turkey is falling into authoritarian rule. if you look at how markets are responding, markets have been quite positive on the day's result. the reason for that is because the country really needs some stability. that is just a short—term response, whether long—term response will be as positive is the question because investors are questioning. they are questioning because we are seeing a drop in direct investment into turkey, but also as well because people are looking to the us dollar as the federal reserve starts to increase interest rates. in the meantime, that in itself is a punitive on local businesses, as interest rates climb. yes, and that isa interest rates climb. yes, and that is a concern interest rates climb. yes, and that is a concern across interest rates climb. yes, and that is a concern across eme