Exclusive: Turkey Presses Banks To Agree High-Stakes Bailout Of Bad Energy Loans
FILE PHOTO: Skyscrapers in the business and financial district of Levent, which comprises of leading banks' and companies' headquarters, in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer/File Photo
May 13, 2019
By Ebru Tuncay, Can Sezer and Jonathan Spicer
ISTANBUL (Reuters) – Turkey’s plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year’s currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices.
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