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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