Markets lose faith in Turkey amid crisis

Lewis McLellan,

Sam Kerr

August 13, 2018 01:45 PM

PA_Erdogan_Turkey_August_230x150 — (180804) -- ANKARA, Aug. 4, 2018 (Xinhua) -- Turkish President Recep Tayyip Erdogan delivers a speech at the presidential palace in Ankara, Turkey, Aug. 3, 2018. Turkish President Recep Tayyip Erdogan on Friday announced an ambitious 100-day action plan, in an attempt to fight currency decline, spur up growth and slow down rocketing inflation. (Xinhua/Mustafa Kaya) (ly) | Mustafa Kaya/Xinhua News Agency/PA Images

Equity and debt markets are preparing for a full blown crisis in Turkey and even though its currency pulled back from its early-week lows, investors are worrying about debt defaults.

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Topics

Central and Eastern Europe (CEE)Turkey Equity IPOs CEE Bonds Equity Europe Emerging Markets CEE Equity EMEA CEE

LM

Lewis McLellan

SK

Sam Kerr