Independent Thinking cover image

Turkey election special: Where next for Turkish democracy?

Independent Thinking

00:00

Turkey's Foreign Policy: A Perennial Balance of Payments Crisis

The most immediate challenge is the economic and finance pressure point. If he doesn't increase interest rates, he'll let the currency go,. Maybe we'll go down a capital control route. The central bank has had a hundred billion gross reserves, net reserves, probably minus 60. Central bank, more or less bankrupt.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app