Of course it was genocide. The Turks are seen as "almost western" and Turkey is seen as physically a line of defence between Europe and the "Islamist states", so western governments try to make their leaders happy. But that political reality does not require normal people or groups to tell lies, and to deny the Armenian genocide would be a lie. We acknowledge the genocide in Rwanda and the current genocide in Darfur; it would be obscene to refuse to recognize this one. I do not say that present Turks, who were not around then, should be punished for what their forefathers did. That would be as wrong as saying that present Germans, who were not around then, should be punished for what their fathers did in WWII. But punishment for history, and recognition of history, are unrelated. In fact the present-day Turks' refusal to admit the truth is the most troubling part of this, for it suggests that they continue to believe that this sort of thing is justified.
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from the article: Peres to Turks: Our stance on Armenian issue hasn't changed