I've been following Turkey for a bit, and their currency has spiked recently. There's increased chatter about an IMF bailout.
What do you think are the contagion risks given a lot of the external debt is foreign denominated - more specifically euro debt, and what sectors would this affect in an extremely adverse scenario (for example euro debt defaulting, affecting euro area banks and the effect thereon)?
Submitted August 10, 2018 at 08:36AM by fatbunyip https://ift.tt/2vVP6RY
