Is It Time For Eurozone Banks To Start Worrying About Turkey Again?
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Is It Time For Eurozone Banks To Start Worrying About Turkey Again?

Authored by Nick Corbishley via NakedCapitalism.com,

The ECB has already warned once about the potential impact a plummeting lira could have on Euro Area banks heavily exposed to Turkey’s economy.

Turkey is in the grip of another big wave of its multiyear currency crisis. The value of the lira against the dollar has plunged by almost 40% so far this year, making it the worst performing emerging market currency....

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