Turkey Must Pair Rate Hike With U.S. De-Escalation, Says Rahman

The transcript discusses the challenges faced by Erdogan, focusing on his need to improve relations with the US and EU. It highlights market expectations for a rate hike and the necessity of de-escalating tensions with the US, particularly regarding Pastor Brunson. The narrative suggests Erdogan has overplayed his hand, seeking leverage in US-Turkey relations, especially concerning Iranian sanctions. The discussion also touches on Turkey's external partners, noting that China, Russia, and the GCC are unlikely to support Turkey, leaving the EU as a potential financial backstop.

What external partners are mentioned as unlikely to support Turkey?

What is the significance of Erdogan's remarks towards the EU in the context of financing?