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And turning our attention to Turkey when you consider twenty billion dollars in trade between our two countries will protest in Turkey hitting.
That two week mark five people are dead over 5000 injured in the prime minister has had enough he is now demanding.
An end to their occupation.
Of Istanbul's tax some square for more on what's happening in Turkey and what this means for the world's seventeenth largest economy.
We're joined by these -- ball lost VP of global and global analysts had strapped for global intelligence thank you for joining us.
Is there a threat to for instance the economy of Turkey if these protests escalator they now coming under control.
Well one I don't think you're going to see sustained massive demonstrations across the country leave very early on to make sure to make clear to our readers that look.
While it's very distracting to see protestors getting tear -- and tax and squaring it brings back.
Memories of Arab Spring protests in tough careers where this is not the same thing in already conceded her test -- -- -- people are losing interest.
That doesn't mean there's a long term political challenge to the ATP government.
But I think these short term market jitters are going to level out.
OK so this all started as an environmental protest it evolved into a political protest with all sorts of different grievances right so if they are managing to contain the situation with anything accomplished was a message cents.
For one thing the seal has been broken so they can.
Hasn't been very effective and intimidating its rivals and neutralizing its opposition.
Now especially if you just look at Turkish media which is very politicized.
You see newspapers that had been very cautious for the government now.
Coming back again becoming a lot more critical even former -- -- and the government becoming much more critical.
Business lobbies are gonna become much more cautious with the government trying to create a safe distance but not going against the government to avoid government backlash so.
Things are going to get much more complicated in Turkey in the actual business environment that is a long term challenge for the ATP right now there's no.
Political contender that can seriously compete with it especially in any upcoming election.
-- you talk about the political party in the prime minister 60% support for the prime minister and his party but he's actually been driven a little bit more towards religious conservative -- there.
-- it's after the EU first denied Turkey entrance into the union being the economic union.
Any chance they might be getting entry into the union especially with these -- -- is that really never going to happen.
Now I mean even before these protests started tricky was not going to get into the European Union I think that's the reality that's even more pronounced now that the European Union is in its economic decline and -- you know it's in a very strategic geographic position making -- to a lot of different markets from the middle East Africa to Central Asia.
And it has been very resilient small and medium enterprise businesses that have been adapting to.
-- economic downturn.
And so -- -- big pretty EU is more symbolic more than anything at this point it's not a realistic -- I think a lot of Turks.
Have acknowledged that with time.
So really the EU bid itself is irrelevant what is more relevant is when you have a more secular leaning class in Turkey.
That wants to identify more with the European values and is against the more social conservative values that they ATP has been -- in recent years.
And -- about quick comment from you if you would on tourism is such a popular tourist destination be Turkey travel website as a matter of fact puts it it.
23 billion US dollars receipts tourism in 2011 to Turkey I mean.
Just looking at these pictures around the world have to have an impact do you agree.
-- absolutely I mean this could not have come at a worse time for the government and this is you know the peak of the tourist season now the tourist season runs pretty long and -- that there will be some recovery there like I said these protests are unlikely to be sustained mass demonstrations across the country.
Even right now if you look at Texas where it.
Eli and get the park -- few protesters that have put up tents and are probably going to be cleared out quite -- But you know we may see demonstrations come up but remembered that 60% of the country's still in strong support -- -- the one in the ATP government.
They did not have an alternative they have benefited from the past decade -- the party's ruling has seen economic benefits come from that.
All right real Obama from Stratford global intelligence thank you for joining us on Fox Business.
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