• turkey

The lira is falling, inflation is at 44 percent, and Turkey is on the verge of a debt crisis?

Almost 20 years ago, Tayyip Erdogan freed Turkey from the tight grip of the IMF by quickly repaying its loan. He steered the Turkish economy on a path of continued growth after a devastating crisis that wiped out its old political order. He was favored by the international conjuncture, because the monetary policy pursued by most Western economies...

The lira is falling, inflation is at 44 percent, and Turkey is on the verge of a debt crisis? Read More »