podlist.gr

The Greek Current
The Greek Current

Turkey's lira sinks to historic low

Turkey’s central bank once again slashed interest rates on Thursday despite repeated warnings from economists that lower rates — and a weaker currency — tend to worsen inflation, sending the Turkish lira to historic lows against the US dollar. The central bank seems to be driven by the unorthodox policies of Turkish President Erdogan, who believes that lower rates are the only way to curb inflation. Meanwhile, the decline in the lira’s value and skyrocketing inflation are hurting Turkish households and businesses. Piotr Zalewski joins our host Thanos Davelis to look into the drastic decline in the value of the lira over the last months and years, Erdogan’s unorthodox economic policies and the influence he wields over the central bank, and how these developments are impacting Turkish households and consumers.

Piotr Zalewski is the Turkey correspondent for The Economist. 

You can read the articles we discuss on our podcast here:

Turkish lira sinks to new low as investors warn of ‘vicious cycle

Greece latest EU country to slap COVID curbs on unvaccinated

Greece, like some other E.U. nations facing case surges, adds restrictions for the unvaccinated

Summit between Greek, Egyptian, Cypriot, and French FMs concludes

PM: Quadrilateral cooperation scheme is very important

Πηγή: http://www.hellenicleaders.com/

Περισσότερα επεισόδια

Searching for the remains of Greek soldiers who perished in the mountains of Albania

Earlier this week Greeks around the world celebrated “OXI Day” - the day 84 years ago that saw Greece reject the ultimatums of Italy’s Mussolini. The heroics of the Greek army during World War II are well known, as they showed occupied Europe that the Axis was not invincible. Today, however, I want to focus on another side of this story, and that’s the ongoing search for the remains of Greek...

Is there room for substantive talks on Greek-Turkish differences?

The Greek and Turkish foreign ministers are set to meet on November 8th in Athens to explore whether there is genuine room for substantive discussions on Greek-Turkish differences, particularly issues in the Aegean Sea. In the lead up to this meeting, neither Greece nor Turkey have deviated from their core positions, something diplomats say is expected. Vassilis Nedos, Kathimerini’s diplomatic...