16.08.2018 - 17:10 [ M.K. Bhadrakumar/Asia Times ]

US-Turkish alliance reaches the point of no return

(15.August) With the pullback of money from the Turkish market in recent months, Turkish companies and banks, which took out loans in dollars or euros, are staring at a potential crisis in repaying their debts. In sum, the currency exchange rate volatility is turning into a debt and liquidity crisis.