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Wednesday, August 10, 2011

Dutch investors eye Turkey despite fragile markets | Radio Netherlands Worldwide

"Dutch investors eye Turkey despite fragile markets
Published on : 10 August 2011 - 8:59am | By Robert Chesal

The world's fastest growing economy is putting the faith of foreign investors to the test. Turkey has suffered staggering losses on its stock exchange in the days following the US loss of its AAA+ credit rating. But so far, Dutch businesses remain confident in the new 'Eurasian Tiger.'

In the massive sell-off that has sent share prices worldwide into a dizzying free fall, few countries are taking as harsh a beating as Turkey. On Monday alone, Turkish stocks plunged by over 7 percent, far more than the average loss in other emerging markets. It was the steepest drop in the G20 group of the world's leading economies, the Wall Street Journal reports. "

More:Dutch investors eye Turkey despite fragile markets | Radio Netherlands Worldwide