EU needs to show solidarity with Turkey
Vincent Boland
On August 17th, 1999, an earthquake struck the city of Izmit, in western Turkey. Seventeen thousand people were killed and half-a-million lost their homes. Eighteen months later, the country’s economy fell into a steep recession. Turkey was forced to ask the International Monetary Fund for assistance, and the lira, the country’s currency, was hit by a wave of speculative selling. Soon afterwards, a political crisis brought down the government.
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