I am not talking about Thanksgiving meals here. I was wondering if anyone is considering the emerging markets impact from the pending default of the country of Turkey? This reality is similar to Greece. Those funds invested in Turkey might be at risk, but other associated countries would be impacted as well.
Turkey will be among the first countries to default on foreign debts should global liquidity conditions worsen, said Desmond Lachman, a former senior International Monetary Fund executive.
Turkish companies and banks will soon face problems repaying some $300 billion of debt due to the nation’s weak economy and currency, Lachman said in an interview with Greek news website Liberal published on Monday.
In response, the Turkish government is in a state of denial about the country’s economic and financial problems and lacks a solid strategy, said Lachman, who is a resident scholar at the American Enterprise Institute (AEI).
It seems to me this should be something to review within your portfolio.....
Turkey will be among the first countries to default on foreign debts should global liquidity conditions worsen, said Desmond Lachman, a former senior International Monetary Fund executive.
Turkish companies and banks will soon face problems repaying some $300 billion of debt due to the nation’s weak economy and currency, Lachman said in an interview with Greek news website Liberal published on Monday.
In response, the Turkish government is in a state of denial about the country’s economic and financial problems and lacks a solid strategy, said Lachman, who is a resident scholar at the American Enterprise Institute (AEI).
It seems to me this should be something to review within your portfolio.....
Last edited:
