Will Turkey trigger a debt crisis?

  1. Osi
    15,730 Posts.
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    Jim Richards and others are belatedly  doing no more than brush the surface on this.

    I've been posting on the probability of Turkey's out of control geopolitical risk for several weeks now.

    The current Turkish administration is touting an Islamist  neo-Ottoman agenda coloured with hysterical anti-American sediment.  Threatening war against the  United States then continuing to play Putin off against Trump (and vice versa)  is an extremely  wobbly  strategic and economic  stool to be sitting on.

    Turkey's al Qaeda allies are one thing but the reality of actual daily conflict against Iranian militias, the Assad Regime and possible Russian interleading to thousands of deaths each month is another.  Global mindsets may have  tuned out of the Turkish Government's ongoing internal and external wars with the Kurds but markets  may not ignore the potential for further military escalation leading to  economic ruin before anything gets better.  Maybe the markets would not care about any of this except for the fact that Turkey owes the tottery EU banks a lot of money.

    Does this sound like a great  place to invest to you?

    http://newspig.co.uk/newspig.co.uk/...e-ground-zero-in-the-next-global-debt-crisis/
 
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