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Markets Shocked – Shocked, I Tell You! – To Discover That When Erdogan Says Low Rates, Erdogan Means Low Rates
Dear markets: Berat Albayrakc is not your cool son-in-law.
Trump must be just a tad jealous. On the serious side, looking ahead a year or two (or three or whatever) Turkey turning into an economically failed state would be very dangerous for its neighbours in the Middle East and Europe. Geography and military capabilities would make it Venezuela on steroids. Not inevitable by any means, but worth thinking about. Especially if you’re Greek. Or Syrian.