Turkey also is facing the new trend and tendency of the world to accept the Armenian claim of Genocide that was committed by the Ottomans on 24 April 1915. They claims that the Turks massacred over 1.5 million of Armenians. After the French Parliament passed the proposal recognizing for the first time that massacre as an act of Genocide by the Ottomans against Armenian people, Armenian lobby is pushing its case in every European country, especially after the proposal failed in the U.S. Congress with the last minute intervention of the former President Bill Clinton before leaving The White House. What frighten Turkey most is that other European countries will follow the lead of France in recognizing the Armenian Genocide. In fact Armenians are paving the way for just doing so.
Turkey has many other problems.
It has the second largest army in the NATO and perhaps the fourth largest in the world. With its weak economy Turkey is unable to sustain such a huge army. Nevertheless, and despite the collapse of the Soviet Union and the end of the Cold War, Turkey remains a very important member of the NATO, and a very strategic ally of the United States and Israel, especially after the increased military cooperation between Turkey and Israel and the build up of the oil pipeline of Baku-Jeyhan. West is hoping by this financial intervention they will succeed in stabilizing the Turkish market and consequently the ravaged economy. The West should know better that Turkey does not need a temporary solution but a solid permanent one, therefore a few billion dollars will not create the political stability that Turkey needs.