As Bad Loans Explode in Turkey, Government Tries to Recreate Debt-Fueled Boom that Led to its Financial & Currency Crisis | Wolf Street

As Bad Loans Explode in Turkey, Government Tries to Recreate Debt-Fueled Boom that Led to its Financial & Currency Crisis
by Nick Corbishley • Nov 17, 2019 • 7 Comments • Email to a friend
Banks are being pushed to lend with the same reckless abandon.
By Nick Corbishley, for WOLF STREET:
İşbank, one of Turkey’s largest private banks, has warned that the non-performing loans (NPLs) in its portfolio could reach 7.5% of its total loan book by the end of this year, up from a previous estimate of 6%.

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Could US force regime change in Turkey? || AW

Could US force regime change in Turkey?

“Trump is weak and easily manipulated. Erdogan has found a way of doing that,” said David L. Phillips, director of Columbia University’s Programme on Peace-building and Rights.

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Donald Trump Is Happy to Seem Weak Next to Turkey's Erdogan Because of Syria

Trump Is Happy to Seem Weak Next to Erdogan

The benefits of their personal relationship are clear for the Turkish president. But the U.S. president has his reasons, too.

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USA - the noose is titghtening on Trumps neck: White House budget official tells impeachment probe about holdup of Ukraine military aid

A White House budget official testified Saturday in a closed-door session of the Donald Trump impeachment inquiry in Washington, D.C., about the holdup of military aid to Ukraine. The public portion of the probe continues next week.

Read more at :

https://www.cbc.ca/news/world/mark-sandy-white-house-budget-official-testimony-impeachment-robe-1.5362504

Istanbul's mayor says his victory is a warning for populists - SFChronicle.com

Istanbul's mayor says his victory is a warning for populists
Onur Ant and Guy Johnson, Bloomberg Nov. 15, 2019
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Istanbul Mayor Ekrem Imamoglu is interviewed on Bloomberg Television in London on Oct. 14, 2019.
Photo: Bloomberg photo by Hollie Adams.
Istanbul's new mayor says his election victory against Turkish President Recep Tayyip Erdogan's party carries an important lesson for the world's populist leaders: Act against the will of the people you claim to represent, and you'll lose it all.

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