Turkish lira falls 15% after bank governor sacked
The outgoing central bank chief is the third exit in under two years under Turkey's President Erdogan.
www.bbc.com
The recent fired central bank governor was in a damned if you do or damned if you don't position when it came to the interest rate. So does Greece have much trade with Turkey or is it really small?Considering the former *stabilization* consisted of spending 130 billion dollars in one go an hiking the interest rate throught the roof...
The condition of the Turkish economy these past 6 months was not sustainable even in the short term thus what they are doing now is because they are running out of money not because of wishy washiness.
Turkey has been leeking money like a sieve and combined with Erdo pissing off every major trade and diplomatic partner with his warmongering attitude no ammount of proping up by the Emirates or Azerbaijan can make up for it.
I fear Turkey is heading for a major crash and this time may be the one that none will step in.
Turkey has been leeking money like a sieve and combined with Erdo pissing off every major trade and diplomatic partner with his warmongering attitude no ammount of proping up by the Emirates or Azerbaijan can make up for it.
That's partially why they are "leaking like a sieve." Jumping from one action to another in hope of some clout and some pay off. Like in Syria and Libya and so on. Getting constantly cock blocked by Russia and others like Egypt, USA, etc.
Please do not refer to people living in north western Syria or the Middle East as goat fuckers.What exactly did they get in Libya ? They have Tripoli. But who gives a fuck about Tripoli ? When economical parts of Libya are not in their hands and wont be since Ze Russian and Egyptians. told then to fuck off. Which they done after months of chest pumping on how Sirte would be taken, etc.
Syria ? A small piece of land were they are stock protecting goat fuckers with Turkish lives.
Armenia, Okay. But at the same time they gave Azerbaijan balls to Russia. Along with Armenia balls also. You could also say they won a PR victory there. But winning a PR victory in the eyes of plebs doesn't mean much of anything.
Please do not refer to people living in north western Syria or the Middle East as goat fuckers.