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.
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