Weekly Geopolitical Report - The Turkey Crisis: Part II (August 27, 2018)

Weekly Geopolitical Report – The Turkey Crisis: Part II (August 27, 2018)

by Bill O’Grady

(N.B. Due to the Labor Day holiday, the next report will be published on September 10.)

Last week, we covered Turkey’s geopolitics and history.[1] This week, we complete the series, starting with a discussion on Turkey’s economy with a focus on the changes brought by the Justice and Development Party (AKP), led by President Erdogan. We will also examine how foreign debt affects Turkey’s economy and financial system, highlight the impact of the 2016 coup and analyze the causes of the current crisis in Turkey. From there, we will discuss the debt problem and Turkey’s options for resolving the crisis. As always, we conclude with market ramifications.

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[1] See WGR, The Turkey Crisis: Part I (8/20/2018)

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