Lehman Brothers: Lessons learned - Two sides of the Turkish crisis
The European Central Bank looks has removed a key pillar of its support for the euro area economies. At their final policy meeting this year, ECB governors announced the end of their bond-buying program.
Under a new economic program, Turkey wants to cut its growth sharply and promised to curb public spending, as it seeks to avoid a full-blown economic crisis fueled by massive inflation and a plunging currency.
The fallout from Turkey's economic crisis may have eased somewhat, but the worst of it does not appear to be over. As DW's Gunnar Köhne reports, it is the country's poor who are being hit hardest.
Facing the harsh realities of global markets, Buenos Aires and Ankara have taken different paths to drive their domestic agendas. But, as global contagion fears recede, will Turkey follow Argentina and take its medicine?
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