
Terrorism threatens Turkish lira
The global de-leveraging process has precipitated a marked departure of capital from high-risk emerging markets across the world, and notably in Turkey, where the situation is exacerbated by the country’s geographical proximity to the growing crisis in Iraq.
The explosion of four bombs last week outside HSBC in Istanbul and Ankara has served as a reminder of the very real threat of pan-regional terrorist activity.
The country has been the target of numerous recent terrorist attacks – more than
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