Παρασκευή, 6 Δεκεμβρίου 2013

Turkey’s regional ambitions and the Iranian nuclear deal

In a historic diplomatic breakthrough, Iran agreed to scale back its nuclear activities for at least six months, while world powers seek ways to find a lasting solution to a perennial nuclear standoff. The deal in Geneva also comes with about $7 billion in sanctions relief, an important incentive for Iran’s ailing economy. 

Ankara welcomed the nuclear deal, calling it a “major step forward.” The interim nuclear agreement is a glimmer of hope for Turkey to boost its economic ties with Iran while Ankara is struggling to cope with ballooning current account deficit. 

Israel, however, described the agreement as a “historic mistake” while Gulf nations downplayed the effectiveness of the deal. The question remains on why Turkey, which has troubled relations with Tehran, welcomed the agreement that will most likely make it much easier for Iran to march to regional dominance.

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