Real Turkey Channel:  How Erdogan Killed the Turkish Eeconomy in 10 Days?



How Erdogan killed the Turkish economy in 10 days?


  • Between Monday and Wednesday, TL lost 10-15% vs the American dollar…


  • TL bond yields, CDS prices, Eurobond yields all soared.


  • Treasury had difficulty borrowing at home.


  • There is widespread concern that Turkey may be downgraded soon.


  • The economy will collapse under higher interest rates, slumping currency and complete lack of confidence in Erdogan administration.


  • How did he pull off this mircale?


  • WHY did he do it?


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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.