Turkey’s Recep Tayyip Erdogan is ready to take his medicine. Don’t believe me? Just ask him. “Turkey [will] implement bitter pill policies if needed,” he
Turkey careened into one of its regularly scheduled currency crises last month, when a laundry list of factors conspired to send the beleaguered lira tumbling
One tweet away from a panic.
“We’re looking at that”.
This is expected to release nearly $3 billion in liquidity to the market, according to a statement.
None of this sets a particularly upbeat tone.
Erdogan will now loot “legal reserves” to plug budget holes.
Now quick, somebody blame Fethullah Gülen.
“So much winning.”
“Too dear to my heart.”
It’s probably fair to say that everyone’s TRY forecasts are “under review”.
Who knows, maybe Turkey will indict Trump before Mueller does.
Turkey’s woes are not any semblance of “contained”.