Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Never forget commercial paper. I almost did.
Exclusive: Development bank EBRD has stress-tested for 40 percent lira crash
One of Turkey's biggest multilateral investors, the European Bank for Reconstruction and Development, has passed internal stress tests for a 40 percent drop by the lira, sources told Reuters, but the currency has weakened more than that this year.
It often works alongside Turkish banks, all of which have seen their share prices and bonds hammered by the collapse of the lira in recent weeks.
Hurriyet | Turkey's external debt stock reaches $466.7 billion in first quarter
Turkey's gross external debt stock stood at $466.67 billion, more than half of its gross domestic product (GDP) - 52.9 percent - at the end of March 2018, the Treasury announced on June 29.
[RANDOM FUND INTELLIGENCE] | Debt Service Ratio: Private Non-F­­inancial Sector
[CIRCLING VULTURE PROMO | 'What happens in Turkey won't stay in Turkey': Why this debt crisis could be different

Turkey | Ministry of Treasury and Finance | Debt Indicators 31 July 2018
includes EU comparative debt:GDP
EC |  Customs Union agreement

Diversity is the key to economic and political evolution.

by Cat on Wed Aug 15th, 2018 at 12:53:23 AM EST
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