For Turkey, Pipelines Deliver Promise and Peril
The plunge in the Turkish lira has unnerved global investors, raised the cost of living for millions of ordinary citizens, and tested President Recep Erdogan’s ability to survive politically. After years of heavy borrowing, Turkey’s economy faces a moment of reckoning as dollar-denominated debts come due. Traders have dumped the lira fearing the worst. The […]
