Finance watchdog ‘grey lists’ Turkey in threat to investment | An international watchdog downgraded Turkey to a so-called grey list on Thursday for failing to head off money laundering and terrorist financing, a decision that could further erode foreign investment after a years-long exodus
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Propaganda warning: Note that this “finance watchdog” is actually an intergovernmental group limited to the wealthiest western governments plus Japan and EU (the G7 grouping). All of its decisions are politically mediated – ie what is/isn’t terrorism is decided based on member government geopolitical interests. Viewed through that lens, the most interesting thing to take away from this story is that the G7 nations have decided to point this economic weapon at Turkey at this time – presumably it’s another method to pressure Turkey to conform to a geopolitical demand by the key G7 members.