A Turkish Nightmare
Robert Ellis | May 24, 2018 | Insights | 0
A Turkish Nightmare
Turkish President Erdogan’s recent visit to London was not an unqualified success.
Turkey’s economy is on the ropes and President Erdogan delivered another blow to the solar plexus. In an interview with Bloomberg TV he declared he would take greater control of monetary policy after the June elections. The markets reacted with shock and the lira slumped to a new record low. At a meeting with investors Erdogan told of special schemes for foreign investors and assured them there was no discrimination between foreign and Turkish investors. But this is patently untrue.
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