Posted inIranMiddle EastTurkey

Turkish banking crisis threatens state finances

Turkey’s finance minister and son-in-law of President Tayyip Erdogan, Berat Albayrak, says he does “not expect any problems in the banking sector.” The comments, given in an interview with Reuters published yesterday, are in stark contrast to warnings from ratings agencies that the lira sell-off will weaken the lenders’ assets. He added that the government […]