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Coalition with Greens looks a tricky prospect, Bavarian leader says

Coalition with Greens looks a tricky prospect, Bavarian leader says
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Opinion: When is usury usury? Turkish fatwa casts doubt on Erdogan s religious soft power drive, Opinions & Blogs News

Story highlights In a surprise move, Erdogan appointed a new central bank governor and promised to adhere to more orthodox monetary policies that would include higher interest rates in a bid to stem the slide of the Turkish lira. Turkey’s state-controlled top religious authority has conditionally endorsed usury in a ruling that is likely to fuel debate about the concept of Islamic finance and could weaken President Recep Tayyip Erdogan’s efforts to garner religious soft power by projecting Turkey as a leader defending Muslim causes. The ruling issued by the Directorate of Religious Affairs or Diyanet that is part of Mr. Erdogan’s office stated that interest-based home loans were exempted from the 1,400-year-old ban on interest as a form of usury, provided they were extended by a Turkish state bank for the purchase of real estate in a government housing project.

Germany news: Gloating Macron ally welcomes Merkel s likely successor Laschet | Politics | News

| UPDATED: 09:32, Sun, Jan 17, 2021 Link copied Sign up for FREE now and never miss the top politics stories again SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Mr Beaune, a key ally of French President Emmanuel Macron, made his remarks after Armin Laschet edged out Friedrich Merz in the contest to lead the Christian Democratic Union (CDU), paving the way for him to potentially take over from Mrs Merkel as German Chancellor when she steps down later this year. Mr Beaune told Welt Am Sonntag: “This is excellent news for France and for Europe.

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