Turkey

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Even the most robust ship can be buffeted by turbulent waters. Analogous to the Turkish economy, economists hope that global market volatility over a US-sparked credit crunch will not turn unbearably sour, triggering greater panic amongst short-term investors.
Ankara caused indignation in the US and Cyprus this week after solidifying a natural gas agreement with Iran and confirming plans to explore for oil and gas in the eastern Mediterranean.
The Textile, Knitting and Clothing Industry Workers' Union of Turkey has been caught in a tussle with the Turkish Textile Employers' Association over wage increases and premiums this week.
With its parched soil and dwindling water supplies, Turkey wishes the weather man could have distributed the world's annual rainfall more evenly this year. Such countries as the United Kingdom, China, India, Bangladesh and Nepal have had more than their fair share of late.
History was in the making last week when the Justice and Development Party (AKP) secured its second term in office by notching a 12% increase in votes over its 2002 election victory.
Since the US invasion of Iraq in 2003 Turkey has been barking about the need to confront the Kurdistan Workers' Party (PKK) in northern Iraq.

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