Friday, August 17, 2018

EU needs to show solidarity with Turkey

EU needs to show solidarity with Turkey

Vincent Boland

On August 17th, 1999, an earthquake struck the city of Izmit, in western Turkey. Seventeen thousand people were killed and half-a-million lost their homes. Eighteen months later, the country’s economy fell into a steep recession. Turkey was forced to ask the International Monetary Fund for assistance, and the lira, the country’s currency, was hit by a wave of speculative selling. Soon afterwards, a political crisis brought down the government.

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