Turkey casts Zarrab case as attempt to undermine its politics, economyISTANBUL/ANKARA (Reuters) - Turkey cast the testimony of a wealthy gold trader in a U.S. court as an attempt to undermine Ankara and its economy on Friday, highlighting how President Tayyip Erdogan may use the politically charged case to rally nationalist support. The trader, Reza Zarrab, told a New York court on Wednesday that Erdogan had authorized a transaction in a scheme to help Iran evade U.S. sanctions. A dual national of Iran and Turkey, Zarrab is cooperating with U.S. prosecutors in the trial of a Turkish bank executive accused of helping Iran launder money. The executive has pleaded not guilty.  This court case has stopped being judicial and become completely political, with the sole aim to corner Turkey and its economy,  Prime Minister Binali Yildirim said. The case has aggravated tension between Ankara and Washington, NATO allies already at odds over Syria policy and the United States  failure to extradite the Muslim cleric Turkey accuses of engineering a failed military coup last year. Although the economic fall-out from the case could be substantial - especially if U.S. authorities fine Turkish banks - analysts said that Erdogan is unlikely to be damaged politically at home and could potentially emerge stronger by attracting more nationalist support.  This will bolster his claim that he is fighting an independence battle against foreign enemies,  said Halil Karaveli, editor of the Turkey Analyst, a policy journal.   If there is going to be any political impact, I suspect it will actually help in the electoral sense.  Media coverage of the case has been limited in Turkey and one pro-government outlet branded the trial as a conspiracy by  enemies  of the country. Erdogan, who has governed Turkey for almost 15 years, has not yet responded to the courtroom claims; but had already dismissed the case as a politically inspired attempt to bring down the Turkish government. His government says the network of U.S.-based cleric Fethullah Gulen, blamed by Ankara for the failed military coup, was also behind the court case.  Zarrab s deposition before the U.S. court will not impact the outlook of the AK Party constituency. In return, mitigating the possible economic impact will be more of a challenge especially if Turkish banks are eventually fined,  said Sinan Ulgen, an analyst and former Turkish diplomat. International investors have grown nervous about Turkey as ties with the United States have worsened - helping drive the  lira currency down some 10 percent against the dollar in the past three months, to a series of record lows. But the U.S. legal action over the alleged Iran sanctions busting, and the risk that some of the country s banks might be sucked into the case, lies at the heart of the latest investor concerns. U.S. prosecutors charge that the executive of Turkey s state-owned Halkbank, Mehmet Hakan Atilla, helped Iran launder the money. Halkbank, like Atilla, has said it is not guilty of the charges. In his testimony, Zarrab also said that Turkish officials had authorized two Turkish banks, Ziraat Bank and VakifBank, to move funds for Iran. Both Ziraat and VakifBank have denied taking part in any such scheme. Nonetheless, investors are worried about the possibility that Turkish banks could be fined.  If there is a fine that s outsize and the Turkish government doesn t want to pay or allow the bank to pay, it will turn into a political standoff which is not great for banks or sovereign spreads,  said Greg Saichin, head of emerging debt at Allianz Global Investors in London.  This whole issue is weighing heavily on Turkey as a country to allocate (capital) to.  worldnews
turkey casts array case attempt undermine politics reuters turkey cast testimony wealthy gold trader court attempt undermine kara economy friday highlighting president tayyip erdogan may use politically charged case rally nationalist support the trader rez array told new york court wednesday erdogan authorized transaction scheme help iran evade sanctions a dual national iran turkey array cooperating prosecutors trial turkish bank executive accused helping iran lander money the executive pleaded guilty this court case stopped judicial become completely political sole aim corner turkey economy prime minister final yildirim said the case aggravated tension kara washington nato allies already odds syria policy united states failure extradited muslim cleric turkey accuses engineering failed military coup last year although economic case could substantial especially authorities fine turkish banks analysts said erdogan unlikely damaged politically home could potentially emerge stronger attracting nationalist support this bolster claim fighting independence battle foreign enemies said hall karaveli editor turkey analyst policy journal if going political impact i suspect actually help electoral sense media coverage case limited turkey one outlet branded trial conspiracy enemies country erdogan governed turkey almost years yet responded courtroom claims already dismissed case politically inspired attempt bring turkish government his government says network cleric fethullah gules blamed kara failed military coup also behind court case array deposition court impact outlook ak party constituency in return mitigating possible economic impact challenge especially turkish banks eventually fined said sina gen analyst former turkish diplomat international investors grown nervous turkey ties united states worsened helping drive lira currency percent dollar past three months series record lows but legal action alleged iran sanctions busting risk country banks might sucked case lies heart latest investor concerns prosecutors charge executive turkey halfback meet hasan still helped iran lander money halfback like still said guilty charges in testimony array also said turkish officials authorized two turkish banks ziraat bank vakifbank move funds iran both ziraat vakifbank denied taking part scheme nonetheless investors worried possibility turkish banks could fined if fine outside turkish government want pay allow bank pay turn political standoff great banks sovereign spreads said greg saichin head emerging debt alliance global investors london this whole issue weighing heavily turkey country allocate capital worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Turkey casts Zarrab case as attempt to undermine its politics, economyISTANBUL/ANKARA (Reuters) - Turkey cast the testimony of a wealthy gold trader in a U.S. court as an attempt to undermine Ankara and its economy on Friday, highlighting how President Tayyip Erdogan may use the politically charged case to rally nationalist support. The trader, Reza Zarrab, told a New York court on Wednesday that Erdogan had authorized a transaction in a scheme to help Iran evade U.S. sanctions. A dual national of Iran and Turkey, Zarrab is cooperating with U.S. prosecutors in the trial of a Turkish bank executive accused of helping Iran launder money. The executive has pleaded not guilty.  This court case has stopped being judicial and become completely political, with the sole aim to corner Turkey and its economy,  Prime Minister Binali Yildirim said. The case has aggravated tension between Ankara and Washington, NATO allies already at odds over Syria policy and the United States  failure to extradite the Muslim cleric Turkey accuses of engineering a failed military coup last year. Although the economic fall-out from the case could be substantial - especially if U.S. authorities fine Turkish banks - analysts said that Erdogan is unlikely to be damaged politically at home and could potentially emerge stronger by attracting more nationalist support.  This will bolster his claim that he is fighting an independence battle against foreign enemies,  said Halil Karaveli, editor of the Turkey Analyst, a policy journal.   If there is going to be any political impact, I suspect it will actually help in the electoral sense.  Media coverage of the case has been limited in Turkey and one pro-government outlet branded the trial as a conspiracy by  enemies  of the country. Erdogan, who has governed Turkey for almost 15 years, has not yet responded to the courtroom claims; but had already dismissed the case as a politically inspired attempt to bring down the Turkish government. His government says the network of U.S.-based cleric Fethullah Gulen, blamed by Ankara for the failed military coup, was also behind the court case.  Zarrab s deposition before the U.S. court will not impact the outlook of the AK Party constituency. In return, mitigating the possible economic impact will be more of a challenge especially if Turkish banks are eventually fined,  said Sinan Ulgen, an analyst and former Turkish diplomat. International investors have grown nervous about Turkey as ties with the United States have worsened - helping drive the  lira currency down some 10 percent against the dollar in the past three months, to a series of record lows. But the U.S. legal action over the alleged Iran sanctions busting, and the risk that some of the country s banks might be sucked into the case, lies at the heart of the latest investor concerns. U.S. prosecutors charge that the executive of Turkey s state-owned Halkbank, Mehmet Hakan Atilla, helped Iran launder the money. Halkbank, like Atilla, has said it is not guilty of the charges. In his testimony, Zarrab also said that Turkish officials had authorized two Turkish banks, Ziraat Bank and VakifBank, to move funds for Iran. Both Ziraat and VakifBank have denied taking part in any such scheme. Nonetheless, investors are worried about the possibility that Turkish banks could be fined.  If there is a fine that s outsize and the Turkish government doesn t want to pay or allow the bank to pay, it will turn into a political standoff which is not great for banks or sovereign spreads,  said Greg Saichin, head of emerging debt at Allianz Global Investors in London.  This whole issue is weighing heavily on Turkey as a country to allocate (capital) to.  worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: turkey casts array case attempt undermine politics reuters turkey cast testimony wealthy gold trader court attempt undermine kara economy friday highlighting president tayyip erdogan may use politically charged case rally nationalist support the trader rez array told new york court wednesday erdogan authorized transaction scheme help iran evade sanctions a dual national iran turkey array cooperating prosecutors trial turkish bank executive accused helping iran lander money the executive pleaded guilty this court case stopped judicial become completely political sole aim corner turkey economy prime minister final yildirim said the case aggravated tension kara washington nato allies already odds syria policy united states failure extradited muslim cleric turkey accuses engineering failed military coup last year although economic case could substantial especially authorities fine turkish banks analysts said erdogan unlikely damaged politically home could potentially emerge stronger attracting nationalist support this bolster claim fighting independence battle foreign enemies said hall karaveli editor turkey analyst policy journal if going political impact i suspect actually help electoral sense media coverage case limited turkey one outlet branded trial conspiracy enemies country erdogan governed turkey almost years yet responded courtroom claims already dismissed case politically inspired attempt bring turkish government his government says network cleric fethullah gules blamed kara failed military coup also behind court case array deposition court impact outlook ak party constituency in return mitigating possible economic impact challenge especially turkish banks eventually fined said sina gen analyst former turkish diplomat international investors grown nervous turkey ties united states worsened helping drive lira currency percent dollar past three months series record lows but legal action alleged iran sanctions busting risk country banks might sucked case lies heart latest investor concerns prosecutors charge executive turkey halfback meet hasan still helped iran lander money halfback like still said guilty charges in testimony array also said turkish officials authorized two turkish banks ziraat bank vakifbank move funds iran both ziraat vakifbank denied taking part scheme nonetheless investors worried possibility turkish banks could fined if fine outside turkish government want pay allow bank pay turn political standoff great banks sovereign spreads said greg saichin head emerging debt alliance global investors london this whole issue weighing heavily turkey country allocate capital worldnews