Carnegie Europe
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Financial market turmoil and U.S. debt woes threaten to undermine the global recovery, but the biggest danger to the world economy comes from Europe and its worsening debt crisis.
The West must find ways to accommodate Ankara’s growing global ambitions even as it urges Turkey to take a more constructive and visible role in the challenges of global governance.
European leaders are finally coming to appreciate the depth and severity of the European debt crisis, but their policy responses so far still do not go far enough to resolve the crisis.