“If you come at us with your dollars then we will find other ways to do business.”Fears of a debt crisisEconomists are warning that if confidence isn’t restored quickly, Turkey could lurch into a recession and debt crisis requiring a bailout from the International Monetary Fund.”Investors are clearly concerned that Turkey’s government won’t act (or allow the central bank to act) to shore up the currency, and fears are mounting that this could result in a crisis in Turkey’s banking sector,” William Jackson, chief emerging markets economist at research firm Capital Economics, wrote in a note to clients Friday.The lira is now down more than 40% against the dollar since the start of the year, making it far harder for Turkish companies to pay back loans they have taken out in the US currency.Meanwhile, the US government is using the lira crisis to ramp up pressure on Turkey over its detention of an American pastor. “Our relations with Turkey are not good at this time!”Investors wait for ‘convincing response’The Turkish government has so far struggled to soothe investors’ concerns.Finance Minister Berat Albayrak said in a series of tweets late Sunday that the government had started introducing an economic action plan of “necessary measures” to address the situation. Albayrak, who is Erdogan’s son in law, didn’t provide much in the way of details.The central bank then announced in a statement early Monday that it would “take all necessary measures to maintain financial stability” and “provide all the liquidity the banks need.” It also said it would slash the amount of funds that banks are required to hold in reserve.The Turkish currency erased some of its earlier losses, but the announcements weren’t enough to trigger a rally.
Just got an X! Upgraded from my OG Xbox One. The graphics are so sick with my 4K tv definitely worth the upgrade. I’m playing through the Halo 5 campaign right now. Nah because let say black does Bf6 and white does something stupid like a3. Then you can fork on d4 and if the bishop takes (Bxd4) you have the nasty move Qxf4 which puts white in a whole lot of trouble. If black misses that move he can still recapture instead with Bxd4 Qxd4 and then Rxf4 and now black is up another pawn plus has a REALLY good position.
It really nice to see Tarkovsky get a bit more attention recently. A theater near me screened some of his films around the time Criterion put out their new restorations of Solyaris and Stalker earlier this year. These are excellent restorations by the way, as you expect and they also so well known.