What You Need to Know About Turkey's Financial Crunch

Stephanomics

• Episode: What You Need to Know About Turkey's Financial Crunch
• Website: Stephanomics
• Feed URL: http://feeds.bloomberg.fm/BLM8939407484
• Duration: 00:17:10
• Published: 2018-08-16 10:00

Turkey's currency plunged this month after President Donald Trump stepped up economic sanctions in a dispute over a detained pastor. It was already going downhill after the nation's leader vowed to shun the traditional playbook of dealing with soaring inflation. And global investors are spooked. Onur Ant, a reporter for Bloomberg in Turkey, discusses the situation and how we got here with Scott Lanman. Note: This episode was recorded on Tuesday, Aug. 14. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com