Why is Turkey's currency collapsing?
Business Daily
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Is There a Tipping Point With Inflation?
Professor gulchin oskan of king's college london talks about the economic crisis in Turkey. The Turkish lera has lost more than 70 % of its value since the beginning of the year. A disorderly collapse is when the international markets really start to panic, he says. And that obviously leads to huge bankruptcies, decradations, depending upon which a sector is heavily indebted. It takes a very long time for you to put together a new stivilization program and to come out of that - but turkeis have done it before.
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