Turkey continues to have challenges getting acceptance into the European Union. The EU feels Turkey has met its economic obligations but, as the International Herald Tribune reports, "Turkey also has to show it can apply EU law, meet the political conditions and take on all the EU rules and regulations."
In the meantime, the closed-end Turkish Investment Fund Inc. (TKF) remains almost 50% off the high it reached in March and, most recently, dipped below its 200-day moving average.
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