After years of expansion, the Turkish economy has been faltering. Exports, investment and growth have all slowed. That has more than a little to do with President Erdogan’s strongman politics.
Despite the Turkish lira crisis, tourists from the country are still flocking to Greece with ample funds in their pockets. Marianthi Milona reports from Alexandroupoli, where the contradictions of modern Turkey are felt.
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."
Investors are losing faith in former economic reformer Tayyip Erdogan. It's not ruled out that the current crisis may end badly for him, but also for economies in Europe, says DW business editor Henrik Böhme.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version