Foreign shoppers swarm Turkey after lira crash

Erdogan (pic) has pushed the central bank to slash interest rates in fervently-held belief that this will finally cure Turkey’s chronic inflation problem. It has – as economists had universally predicted – done the exact opposite.

Edirne: The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne betrays the scale of the currency crisis impeding president Recep Tayyip Erdogan’s path to a third decade of rule.

The mosque-filled city on Turkey’s western edge was an early capital of the Ottoman Empire when it was expanding across the Middle East and Europe in the 14th and 15th centuries.