Political instability hit Turkey's economy hard. However, the fall in the value of the Turkish currency, the Lira, has actually acted as a stimulus to consumer spending. Now the country's economy is climbing once again.
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.
It is in Germany's interest for Turkey to be "economically prosperous," said Chancellor Angela Merkel. But she warned this couldn't be at the expense of state interventions, as the Turkish lira continues to drop.
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.
Turkish President Recep Tayyip Erdogan has warned his country would boycott electronic goods from the United States in retaliation for recent sanctions imposed by Washington over the detention of an American pastor.
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