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Wednesday, January 05, 2011

Turkey Risk in 2011? It’s a Red Herring - New Europe - WSJ

"Turkey Risk in 2011? It’s a Red Herring

By Joe Parkinson

So, Turkey’s just entered an election year, which traditionally means political uncertainty and heightened investor nerves. Plus the country’s awash with hot money, which economists fear leaves its fast-growing but imbalanced economy exposed to a hard landing. Oh and in case we’d forgotten, the ruling AK party is believed to be regearing its policy away from Washington and Brussels in favor of a more Islamist agenda."

More:Turkey Risk in 2011? It’s a Red Herring - New Europe - WSJ