Crisis alla Turca II ‒ From Currency Crisis to Debt Crisis?

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GENEVA, Oct 29 (IPS) – The meltdown of the Turkish currency that began in 2018 has continued unabated with the decline reaching unprecedented proportions in recent days.  The causes of that turmoil including underlying financial fragilities and political shocks were discussed in a previous piece by this author.  Since then the economy has become even more vulnerable in these respects. 

Read the full story, “Crisis alla Turca II ‒ From Currency Crisis to Debt Crisis?”, on globalissues.org →

GENEVA, Oct 29 (IPS) – The meltdown of the Turkish currency that began in 2018 has continued unabated with the decline reaching unprecedented proportions in recent days.  The causes of that turmoil including underlying financial fragilities and political shocks were discussed in a previous piece by this author.  Since then the economy has become even more vulnerable in these respects.  Read the full story, “Crisis alla Turca II ‒ From Currency Crisis to Debt Crisis?”, on globalissues.org →