Thursday, December 26, 2013

Erdogan Resignation Call Chokes Lira Prop-Up Plan: Turkey Credit - Bloomberg

Erdogan Resignation Call Chokes Lira Prop-Up Plan: Turkey Credit
By Taylan Bilgic Dec 26, 2013 5:00 AM ET

Photographer: Michele Tantussi/Bloomberg

Turkish central bank Governor Erdem Basci’s attempt to buy himself time to boost the lira amid a corruption probe took a beating after a third minister resigned and urged Prime Minister Recep Tayyip Erdogan to do the same.

More:Erdogan Resignation Call Chokes Lira Prop-Up Plan: Turkey Credit - Bloomberg