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For the Turks...it hurts. Their tourism, which is heavily based on Germans coming to the southern coast of Turkey...will be heavily hit by the war. A lot of Germans have not made reservations for their annual vacation to Turkey, and the key reason is safety. They think the war there makes the region unsafe. Tureky's tourism trade will suffer by at least $5 billion. In addition, there is the problem of the Kurd. Without the Turks, the Kurds are going to enjoy a lot of freedom and opportunities in the new Iraq. The US will ensure that there are enough forces up in the north to halt any Turkish advance into the country. And finally, the new government of Iraq may be more pro-Jordan than pro-Turkey...so business-wise...they will likely be hurt financilly there too. For Turkey, its a lose-lose situation.