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The Bush administration's decision to include about one billion dollars in aid to Turkey as part of its Iraq war budget has boosted investor2 confidence, 1)perking up financial markets in Istanbul.
The administration request steadied financial markets that had grown increasingly worried that Turkey would 2)default on its huge foreign debt. Share prices in Istanbul climbed two and a half percent while the Turkish currency, the lira, gained one percent.
Economists4 in Istanbul tell Bloomberg news that, if the grant is approved by Congress, it would close the government's financing gap and boost badly shaken investor confidence.
Ankara's credibility has been damaged by perceptions that it mismanaged negotiations5 with Washington in which the Americans offered much more generous aid in return for the use of Turkish bases in the war with Iraq. The failed negotiations led the Americans to abandon plans for a second front in northern Iraq, and anti-Turkey sentiment is running high in Washington. Some analysts6 say the Turkish aid request may not be approved.
The United States has long been Turkey's principal advocate with the International Monetary7 Fund (IMF) and it has championed the cause of Turkish membership in the European Union. The IMF has a big lending program with Turkey, but it has been holding off on providing more money until the new government that came to power last November makes good on its promise of fiscal8 restraint.
Turkey wants compensation for revenue lost from the disruption of normal business relations with Iraq. The Americans and Europeans are insisting that the Turks not send troops into northern Iraq, a move that would 3)inflame ethnic9 tensions in Iraqi Kurdistan.
Barry Wood VOA news, Washington.
2) default on 拖欠,违约
3) inflame[in5fleim]v.燃烧
1 mar | |
vt.破坏,毁坏,弄糟 | |
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2 investor | |
n.投资者,投资人 | |
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3 perk | |
n.额外津贴;赏钱;小费; | |
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4 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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5 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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6 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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7 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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8 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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9 ethnic | |
adj.人种的,种族的,异教徒的 | |
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