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Comment by 1cvmask

I looked up the core values of Turkey. And their debt to gdp ratio is 40%. Neighboring Greece is 200%. The Turkish economy was the second fastest growing economy last year in the G20 and is on pace to be the one of the fastest growing economies this year. Turkey has had record exports and been one of the most successful in tourism both last year and this year helping the current account deficit. Yet bankrupt Greece can borrow at almost 1% interest rate with over 200% debt-to-GDP ratio. Meanwhile there is an unofficial blockade on international lending to Turkey from the US and its cluster of allies/subjects. That is the real story of the attack on the currency and the financial system. The US did the same to Chile by undermining its economy and killing its financial system before staging a coup (Obama attempt to kill Erdogan and stage a coup in Turkey failed in 2016):

https://youtu.be/EYrznlDTE_M?t=7576

parent 1cvmask 4 years ago

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