"Turkish markets suffer double blow from IMF
By Vincent Boland in Ankara
Published: May 22 2006 17:54 | Last updated: May 22 2006 17:54
Turkey’s financial markets, already in the grip of a global sell-off, suffered a double blow on Monday when the International Monetary Fund urged the government to rein in public spending and warned the central bank to adopt a more cautious monetary policy.
The IMF’s warnings add to the government’s troubles as a three-year period of economic and political stability in Turkey looks increasingly frayed."
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