How Turkey could beat EU in farm subsidy game
An axiom in any explanation of Turkey’s success in skirting the worst of the 2007-08 global recession and its European overhang is that Turkey got a head start. The banking closures, consolidation and regulation embraced during the 2001 crisis inoculated Turkey against the contagion to come six years later. This is a simplified generalization, of course, but it’s certainly a big part of the story.
More:DAVID JUDSON - How Turkey could beat EU in farm subsidy game
