Counting the Cost of Potential U.S. Action Against Turkey
Feb 4, 2019 | 12:00 GMT
(ADEM ALTAN/AFP/Getty Images)
- In response to any Turkish attack on the Syrian Kurds, the United States has the power to indirectly sway investor confidence in Turkey largely because of the lira's inherent volatility and the structural weaknesses of its economy.
- Turkey can't do as much economic damage to the United States, but it can create problems for Washington in the Middle East.
- Ultimately, the United States will limit the economic and diplomatic damage it can inflict on Turkey, in part because both wish to maintain the security and economic benefits their relationship provides.