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US hits Turkey with sanctions [W: 33]

Re: US hits Turkey with sanctions

You visited, but that is just modern day kiev, but did you actually research anything? The fact you have resorting to calling people russian trolls when confronted with anything diffusing your argument shows you had no argument, and are on the desperate end of deflection to try and save face rather than defeat the argument.

I give what I get. I lived in Ukraine for 5 years and in Crimea for 2 years. What have you got that's comparable?
 
Re: US hits Turkey with sanctions

The trump ad. sacrifices the blood-inked alliance for a bunch of terrorists with ethnic cleansing agenda, thanks to the MSM in US that demonizes a politic figure in Turkey who once was a best mildly islamist buddy of washington, in order to tune with us policy in the region.

The Turks exist and survive over thousands of years, nothing changes today.
 
Re: US hits Turkey with sanctions

I give what I get. I lived in Ukraine for 5 years and in Crimea for 2 years. What have you got that's comparable?

The ability to actually fact check and research what I talk about instead of posting copy and paste anti russia memes without even checking the credibility of it.

And living somewhere does not make you knowledeable on the subject, there are people born and raised in texas who don't even know what the capital of texas is, or people raised in virginia who think dc is in washington state instead of being a district. Research is your friend.
 
Re: US hits Turkey with sanctions

The ability to actually fact check and research what I talk about instead of posting copy and paste anti russia memes without even checking the credibility of it.

And living somewhere does not make you knowledeable on the subject, there are people born and raised in texas who don't even know what the capital of texas is, or people raised in virginia who think dc is in washington state instead of being a district. Research is your friend.

Listening to those that know and lived the topic is your friend. But you're too partisan and vainglorious to admit that.

I'm done with your "I know everything" posts here.
 
Re: US hits Turkey with sanctions

Listening to those that know and lived the topic is your friend. But you're too partisan and vainglorious to admit that.

I'm done with your "I know everything" posts here.

So claiming you lived there is proof enough and actual knowledge and research now becomes void because your answer is you lived there? You should actually research ukraine and russia before you open your mouth, that knowledge s not in hiding, but rather you refuse to seek it.
 
Re: US hits Turkey with sanctions

So claiming you lived there is proof enough and actual knowledge and research now becomes void because your answer is you lived there? You should actually research ukraine and russia before you open your mouth, that knowledge s not in hiding, but rather you refuse to seek it.

You really should pause to think before giving your RT impersonation.
 
Re: US hits Turkey with sanctions

You really should pause to think before giving your RT impersonation.

So you still can not do anything but accuse people of being russian trolls, well i guess when facts are not on your side that is all you have.
 
Re: US hits Turkey with sanctions

Moderator's Warning:
The discussion of Ukraine and Crimea has no place in this thread. Get off the topic now or there may need to be consequences.
 
Re: US hits Turkey with sanctions

Currency crisis starting to squeeze Turkey's banks

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Turkey's lira currency is plunging

8/12/18
For a while after the crisis, Turkey looked a safe place for global banks to be. It was on the fringes of Europe — so at a remove from all that fuss over Portugal, Italy, Greece and Spain — and economic growth was rapid. Property, in particular, seemed a solid bet. Strategists at GAM note that construction as a share of Turkey's economic output was practically the mirror-image of Spain's. When the Spanish pulled back, nursing losses from their pre-crisis debt binge, the Turks did just the opposite. Now the bills are coming due. News that the European Central Bank is probing the vulnerabilities of banks such as BBVA and BNP Paribas, which have big Turkish exposures, confirm that a Turkey problem is a Europe-wide problem. The key is rollover risk. Between 2002 and 2009, growth in Turkish banks' external liabilities was more or less matched by growth in their external assets, providing a natural currency hedge. Since then the banks' external liabilities have soared from about $US50b to $US120b, according to the Bank for International Settlements, while external assets have dropped to about $US40b. This means that when the lira falls, foreign lenders to the banks will blanch at simply replacing one non-lira loan with a new one. Just as liquidity is drying up, domestic customers will begin to struggle with their own foreign-currency loans, hurting the banks' solvency. Data collected by Standard & Poor's show that non-performing loan ratios at the big seven Turkish banks were all sub-10 per cent at the end of March. But the numbers are bound to climb. At state-owned banks in particular, loan growth has raced ahead of private and foreign-owned banks over the past five years. President Recep Tayyip Erdogan on Friday urged Turkish citizens to convert their gold, euros and dollars into lira in a bid to stem the damage. To seasoned watchers of emerging markets, the echoes of Asia's 1997 financial crisis are unnerving.

It certainly doesn't help matters that Erdogan appointed his son-in-law as Finance Minister.
 
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