AFP: Turkey threatens to send Europe '15,000 refugees a month'
Ankara and Brussels almost a year ago on March 18 signed a landmark deal that has substantially lessened the flow of migrants from Turkey to Europe.As nationalism rises in Europe, this type of argument feeds into their strength. This makes Erdogan's threat a powerful double-edged sword. If he lets in more migrants, the pro-migrant politicians in Europe will be under greater pressure, but if he lets too many migrants into Europe, the nationalists might win.
But the accord is now hanging in the balance due to the diplomatic crisis over the blocking of Turkish ministers from holding rallies in Europe.
"If you want, we could open the way for 15,000 refugees that we don't send each month and blow the mind" of Europe, Soylu said in a speech late Thursday, quoted by the Anadolu news agency.
LSE: Why the fear of Islamization is driving populist right support, and what to do about it
It sounds crazy, but it still appears as if the Turkey ETF (TUR) is headed into the single-digits. If there was a long-term betting market on Turkey leaving NATO, it would be worth a bet because the odds would not reflect the actual risk.