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The Greek Current
The Greek Current

Turkey's lira tanks after Erdogan fires central bank chief

Over the weekend, Turkey’s President Erdogan sacked the country’s central bank governor, and pulled out of the Istanbul Convention, a treaty to protect women. These moves stunned financial markets and Western allies, with the Turkish lira falling more than 8% against the U.S. dollar on Monday. The move raises concerns about a return to unconventional monetary policies favored by Erdogan as the economy struggles with inflation and currency instability. Dr. Aykan Erdemir joins The Greek Current to analyze these latest developments in Turkey. 

Dr. Aykan Erdemir is the senior director of the Turkey program at the Foundation for Defense of Democracies and a former Turkish lawmaker.

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

Turkey’s Central Bank Chooses the Wrong Kind of Heterodoxy

As global markets and allies reel, Turkey's Erdogan looks inward

EU leaders to tell Turkey that trade talks can go ahead, draft statement says

Cyprus rejects EU draft on Turkey which seeks to deepen trade ties

Biden to join EU leaders’ video conference in bid to rebuild ties

In Brussels, Blinken offers boost for NATO, cooperation on Afghanistan

Πηγή: http://www.hellenicleaders.com/

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