Erdogan's Plan for Averting Economic Collapse

CNN's John Defterios: Erdogan was able, at least temporarily, to dull the pain of Turkey's economic crisis. But he now has $220 billion of external financing requirements and a central bank whose foreign exchange reserves have been thoroughly run down in efforts to prop up the lira. It's not quite clear how he's going to square this circle; there are rumors that Mehmet Shymshak is being asked to come back into the government as part of taking out on the authority to raise interest rates. And I don't doubt that Erdogan will actually do that for a while, but it'd be very foolish to think he'll do it forever.