The Turkey-US trade spat has led to EU leaders backing Turkey against the US administration's policies.
This not only shows the extent of economic interdependence between Europe and Turkey, but also signals the development of a common stance in the face of a bullying trade partner.
When US president Donald Trump took to Twitter to celebrate the downward trajectory of the Turkish lira against the US dollar, Europe was concerned about the potential spillover of rapidly growing economic turmoil in Turkey.
In particular, Germany, Turkey's biggest trading partner, came to Turkey's defence.
At a news conference in Berlin, German chancellor Angela Merkel made it clear that "Germany would like to see an economically prosperous Turkey" and emphasised that "No one has an interest in the economic destabilisation of Turkey."
This not only shows the extent of economic interdependence between Europe and Turkey, but also signals the development of a common stance in the face of a bullying trade partner.
When US president Donald Trump took to Twitter to celebrate the downward trajectory of the Turkish lira against the US dollar, Europe was concerned about the potential spillover of rapidly growing economic turmoil in Turkey.
In particular, Germany, Turkey's biggest trading partner, came to Turkey's defence.
At a news conference in Berlin, German chancellor Angela Merkel made it clear that "Germany would like to see an economically prosperous Turkey" and emphasised that "No one has an interest in the economic destabilisation of Turkey."
