Germany has interest in stable Turkish economy: gov't spokesman

Germany has an interest in a stable Turkish economy and is monitoring the situation closely, a government spokesman said, when asked about the Turkish currency.

A spokeswoman for the German finance ministry said there had been no crisis talks among members of the G20 industrialised countries on the situation.

The spokeswoman said it was too early to comment on the exposure of German companies to the economic situation in Turkey, and declined to assess the latest developments there.

Turkey and the U.S. are currently experiencing rocky relations following Washington’s imposition of sanctions on Interior Minister Süleyman Soylu and Justice Minister Abdulhamit Gül for not releasing American Pastor Andrew Brunson, who faces terrorism charges in Turkey.

U.S. President Donald Trump on Friday ramped up his attack on Turkey by doubling U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively.