Daimler issues profit warning amid trade war fears - Exit to Greek bailout set to take shape
Germany is worried about Turkey’s economic stability but not enough to offer financial aid. Yet German support could be just the tool to keep Recep Tayyip Erdogan from turning his back on the EU, writes DW’s Seda Serdar.
Turkey is a country in crisis, the Lira's freefall being a case in point. President Erdogan needs to tackle this, but a diplomatic row with the US could force him to go against his nature, writes DW's Seda Serdar.
The central bank said it will "provide all the liquidity the banks need" as the Turkish lira continues to tumble. Prosecutors have meanwhile threatened to go after those who "threaten economic security."
Washington has said Turkey's tariffs on US products ranging from cars to tobacco was "a step in the wrong direction." Ankara's diplomatic and trade spat with Washington has contributed to a full-blown currency crisis.
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