"Turkey's economy
In need of an anchor
Oct 23rd 2008 | ANKARA
From The Economist print edition
The Turkish economy may be more vulnerable than it looks
WHEN the world economy was in trouble at the start of the decade, Turkey was hit especially hard. A spectacular currency and banking crisis triggered one of the IMF’s biggest-ever bail-outs. This time, emerging markets around central and eastern Europe are provoking worries (see article)—but so far Turkey is not. Indeed, far from seeking outside financial assistance, the government ended its formal IMF programme in May, when Mehmet Simsek, the economy minister, proudly proclaimed the emancipation of Turkey from IMF guidance. He may come to regret his moment of hubris."
More:Turkey's vulnerable economy | In need of an anchor | The Economist
