The lira has responded with a record a rebound erasing a month's worth of losses in under a day. The move seems to have bought mister ardean, who had been facing severe political head winds,. But it has only obscured and perhaps heightened the risks to turkey's economyon stopd gap solution.
President Recep Tayyip Erdogan’s idea for saving the lira by backing deposits with dollars means the Turkish taxpayer will end up bailing out the Turkish depositor. Our correspondent finds striking insights in 40 years’-worth of humdrum submissions to a unique sociology project. And Saudi Arabia’s multi-billion-dollar push into the cinema industry it outlawed for decades.
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