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Saturday, June 27, 2009

The Turkish Economy Suffers

"Turkey on the Edge

Ankara needs help now, but rejects it.
By Barton Biggs | NEWSWEEK
Published Jun 27, 2009
From the magazine issue dated Jul 13, 2009

Turkey, in the hot grip of the summer solstice, faces a hazy future. For a change, Turkey is suffering from an economic and financial crisis not of its own making. Its fiscal discipline and good behavior of recent years are going unrewarded as its economy contracts, its currency weakens, and its stock market gets ignored amid a historic emerging-market boom."

More:The Turkish Economy Suffers | Newsweek International | Newsweek.com