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Tuesday, June 06, 2006

FT.com / Europe / Brussels briefing - Turkey feels pressure of plunging lira

"Turkey feels pressure of plunging lira
Published: June 6 2006 18:25 | Last updated: June 6 2006 18:25

It is easy, in Turkey, to make a crisis out of a drama. As Turks watched the lira, the country’s currency, sink by around 20 per cent in value over the past few weeks, memories of the devastating financial and political crises of 2000-01 cannot have been far from their minds."

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