"RELIGIOUS HOLIDAY SHIELDS TURKISH MARKETS AGAINST GLOBAL TURMOIL
By Gareth Jenkins
Tuesday, September 30, 2008
In a country in which the prevailing, and often paradoxical, interpretation of secularism frequently causes political and economic instability (see EDM, July 31), it is ironic that one of the Turkish state’s unequivocal concessions to religious sentiments has provided the Turkish markets with at least a temporary shield against the global turmoil that has followed the rejection by Congress on September 29 of a $700 billion bailout package for the troubled U.S. financial sector."
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