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The Greek Current
The Greek Current

The economic disaster hidden in Turkey's banks

With the Turkish lira depreciating rapidly, just how long can Turkey hide the fact that it is spending far beyond its means? Chris Miller, the author of a recent piece in Foreign Policy Magazine titled “Erdogan has hidden an Economic Disaster Deep in Turkish Banks”, discusses the current economic situation in Turkey.

Chris Miller is assistant professor at the Fletcher School, the Eurasia director at the Foreign Policy Research Institute, and the author of Putinomics: Power and Money in Resurgent Russia. 

You can read the articles we discuss on the Daily Roundup here:

Erdogan has hidden an economic disaster deep in Turkish banks

Secretary Pompeo’s Meeting With Greek Foreign Minister Dendias

Dendias hopes to avoid conflict in eastern Mediterranean Sea

EU urges Turkey to ‘deescalate’ energy dispute with Greece

During EU teleconference, Greece and Germany disagree on Turkey stance

EU Foreign Policy Chief: Full solidarity with Greece and Cyprus

Video conference of Foreign Affairs Ministers: Main outcomes

New Covid-19 measures imposed as PM entreats young

Virus flareups in Europe lead to club closings, mask orders

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