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Sunday, March 22, 2009

Pragmatic Shift in Turkey - WSJ.com

"Pragmatic Shift in Turkey

The global economic crisis is making pragmatists of Turkey's politicians.

In January, Ankara refused to accept a proposed $20 billion to $30 billion support package from the International Monetary Fund, prompting a 10% fall in the lira against the dollar and the euro. But Ankara now has signaled it is ready to do a deal -- albeit after municipal elections at the end of March."

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