Kate Turlington + 44 KT September 25, 2018 Turkey may have earned itself a bit of a reprieve when Erdogan "allowed" the Central Bank to hike interest rates to head off a total lira dive, but now he's got another problem brewing: Interesting piece on WSJ about what $80 oil could mean for Turkey: full-blown recession because it's too dependent on foreign oil. https://www.wsj.com/articles/the-real-victim-of-oil-above-80-turkey-1537888714 Quote Share this post Link to post Share on other sites
TomTom + 183 September 25, 2018 The Turkish central bank is to blame for this - $80 oil would not have been a problem if the Lira would not have collapsed. Perhaps they can strike a discount deal with Iran? 1 Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT September 27, 2018 Erdogan is to blame, since the Central Bank has pretty much lost its independence, or close enough. Sure he's holding out for a deal with Iran now as the 'last man standing' when Europe fails to save the Iran nuclear deal. Just today, Erdogan reiterated that he's going to ignore US sanctions. Quote Share this post Link to post Share on other sites
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