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(Asia Times-Hong Kong) David P. Goldman - Turkey was supposed to be the poster-boy for prosperity through Muslim democracy. Instead, its currency is collapsing. They borrowed vast sums from the international market against a glorious future that was never to be. Among all of the world's big economies, Turkey has the worst current account deficit, at nearly 8% of economic output, roughly where Greece was before its national bankruptcy. 2014-01-31 00:00:00Full Article
Turkey Is in Economic Trouble
(Asia Times-Hong Kong) David P. Goldman - Turkey was supposed to be the poster-boy for prosperity through Muslim democracy. Instead, its currency is collapsing. They borrowed vast sums from the international market against a glorious future that was never to be. Among all of the world's big economies, Turkey has the worst current account deficit, at nearly 8% of economic output, roughly where Greece was before its national bankruptcy. 2014-01-31 00:00:00Full Article
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