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Friday, October 12, 2012

Looking east | Emerging Markets

TURKEY: Looking east

12/10/2012 | David O’Byrne

Turkey has so far largely avoided the spill-over from the eurozone crisis. But with no resolution in sight for Europe’s economic woes, what now for the EU candidate?

Only a decade ago Turkey was in the throes of an economic crisis. The Turkish lira had all but collapsed, and the country was forced into a strictly administered bail-out brokered by the IMF.

How times change.

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