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Wednesday, July 11, 2018

Turkey Faces Ticking Bomb With Energy Loans of $51 Billion - Bloomberg

Turkey Faces Ticking Bomb With Energy Loans of $51 Billion

By Ercan Ersoy and Asli Kandemir July 11, 2018

Confronted with a plunging lira, Turkey’s central bank last month urged the general public to borrow in the currency in which they are paid. That warning came too late for the country’s energy companies.

More:Turkey Faces Ticking Bomb With Energy Loans of $51 Billion - Bloomberg