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Turkish Prime Minister Bulent Ecevit emerged from a much-anticipated medical check on June 26th insisting that a slew of nagging ailments would not keep him from returning to work in a few weeks time.
Turkey's banking watchdog (BDDK) on June 19th took control of the country's seventh largest bank, Pamukbank, driving the Istanbul Stock Exchange (ISE) into a sharp decline.
The Turkish military, long accustomed to the domestic limelight, took on new challenges in the global arena as it assumed control of the 4650-strong International Security Assistance Force (ISAF) in Afghanistan last week.
Worries over the viability of the shaky three-party coalition have sent Turkish markets roiling further, as political infighting over a series of European Union-mandated reforms continues to raise the spectre of early elections.
The six-member Gulf Co-operation Council (GCC) can expect slower economic growth in 2002 as oil production is reigned in, the United Nations reported last week.
The ailing Turkish Prime Minister Bulent Ecevit missed a crucial meeting of political party leaders on June 7th, deepening worries over the country's political and economic stability.

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