Turkey Companies See Lira Ruin After Basci Miss, Onatca Says - Bloomberg

Turkey Companies See Lira Ruin After Basci Miss, Onatca Says
By Taylan Bilgic Jan 24, 2014 3:23 AM ET

The lira’s plunge has left Turkish companies struggling to service their foreign-currency debts as banks refuse to rollover loans, according to Suleyman Onatca, chairman of the Turkish Enterprise and Business Confederation.

More:Turkey Companies See Lira Ruin After Basci Miss, Onatca Says - Bloomberg