Monday, October 29, 2007

Erdogan Lira Risks Conversion to Sick From Strong

"Erdogan Lira Risks Conversion to Sick From Strong (Update1) By Ewa Krukowska and Yon Pulkabrek Enlarge Image/Details Oct. 29 (Bloomberg) -- No prime minister in Turkey's modern history has done more to turn the lira into the strong man of the foreign exchange market than Recep Tayyip Erdogan. Traders now bet his threat to invade northern Iraq will turn it into a laggard."

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