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Turkey affects your investments which is why we want to get to the latest developments out of Turkey police are holding their positions around tax and square.
And protesters are remaining put his both sides await word on negotiations between the government.
And the demonstrators Steve Dorsey is a foreign correspondent based in Istanbul and he joins us now on the telephone Steve what is the latest is -- stability in our still some skirmishes.
-- foremost it is an absolutely.
Different scene from -- -- was 24 hours ago here in -- square where I'm standing.
Right now I can see several thousand people gathering here especially in.
-- -- -- -- What's different is there is no tear gas and there are no rubber bullets but police are -- stationed here clutching their riot gear.
There are these big white south police tank's height -- surrounding.
The edges of this square with water cannons mounted on top to keep things under control just in case.
Being put up again.
When we talk about Turkey clearly we talk about a -- from Europe to Asia but for international trade for the economy globally.
Turkey is arising.
Economic I would -- wanna -- power but they certainly play a role in that.
Have things come to a standstill in Turkey economically yours -- going on for most people outside of where these demonstrations are taking place.
Oh no doubt as you know rules Jersey is one of the fastest emerging markets in the world.
As for the economy -- after these protests is really get auto workers are right.
-- abortionists stock exchange in Istanbul today did manage to close up about two and a half percent today.
But that was after really major.
Ups and downs are following the protest -- one of the key triggers to this volatility is not necessarily all the protests -- The reaction from the prime minister himself he's actually been.
Army offensive accusing private banks.
Provoking unrest here in and -- to me to push up interest rates and undermine the government of course that has had an effect on private bank stock we've seen them.
Slide -- bit along with a one local Turkish bank here that is partly owned by Citigroup.
And very quickly have one last question for you this prime minister has been popular in the past we have also seen.
Military over throws in that country years ago is -- in line is he in good stead with the military there.
Certainly he has the military on this side there are not nearly as powerful as there were several decades ago but.
This really puts a blemish on his legacy in Turkey within his past ten years.
As -- one of the most powerful people.
In Turkey along with the country's president and this poses serious.
-- trouble for not only Turkey but its allies in the west.
All right Steve Dorsey markets worldwide do not like instability in what were watching in Turkey.
Is bordering on that people hoping for some stability thank you very much sir stay safe.
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