Cyprus-Forum.com

[Demonax]

bullshit and you know it. they produce products for high end markets too. m&s sell terkish goods. is m&s low quality.

Most M&S products are from 3rd world countries.

We're agreed then that Turkey is a third-world country .

[Demonax]

Market reaction to Erdogan’s speech this morning:

@CNBCWorld
Turkish Lira has fallen sharply against dollar after further comments today from PM Tayyip Erdogan

[kurupetos]

bullshit and you know it. they produce products for high end markets too. m&s sell terkish goods. is m&s low quality.

Most M&S products are from 3rd world countries.

We're agreed then that Turkey is a third-world country .

Without a doubt mate.

[Lordo]

Market reaction to Erdogan’s speech this morning:

@CNBCWorld
Turkish Lira has fallen sharply against dollar after further comments today from PM Tayyip Erdogan

you have to learn to do grapgh properly. it looks as though it has lost a lot of values but it is just a few gurush my little friend.

as to third world considering uk firms cannot suply to m&s they must be 4th world.

its one thing m&s opening a sweat shop it is another to trade with a firm.

how many thirdl world countries produce their own arms including tanks and war planes.


so what is roc today, 10th world.

[kurupetos]

you have to learn to do grapgh properly. it looks as though it has lost a lot of values but it is just a few gurush my little friend.

I cannot stop laughing after reading this.

[Lordo]

bullshit and you know it. they produce products for high end markets too. m&s sell terkish goods. is m&s low quality.

Most M&S products are from 3rd world countries.

We're agreed then that Turkey is a third-world country .

take your musk off and smell the bullshit you spread.

how many third world countries are in the g20. is cyprus or greece in it.

monodahtilo to you elambui friend.

[Demonax]

Good article on the state of the Turkish economy

Turkish Tailspin
After weeks of domestic turmoil, is Ankara losing control of the economy?

....the future is nonetheless gloomy.

http://www.foreignpolicy.com/articles/2 ... n?page=0,0

[Demonax]

Sound familiar?

Erdogan Penalized at Turkish Bond Auction as Yields Surge

Turkey was forced to pay higher borrowing costs in the first auction of debt since anti-government protests began more than two weeks ago.

The Treasury sold 742.3 million liras ($394.1 million) of August 2014 zero-coupon notes yesterday at 6.76 percent, up from 5.07 percent at an auction of the same securities on May 21. Credit-default swaps on Turkish debt has climbed 35 basis points this month in the biggest increase among major emerging markets in Europe, the Middle East, Africa and Asia.

http://www.businessweek.com/news/2013-0 ... key-credit

[bill cobbett]

Sound familiar?

Erdogan Penalized at Turkish Bond Auction as Yields Surge

Turkey was forced to pay higher borrowing costs in the first auction of debt since anti-government protests began more than two weeks ago.

The Treasury sold 742.3 million liras ($394.1 million) of August 2014 zero-coupon notes yesterday at 6.76 percent, up from 5.07 percent at an auction of the same securities on May 21. Credit-default swaps on Turkish debt has climbed 35 basis points this month in the biggest increase among major emerging markets in Europe, the Middle East, Africa and Asia.

http://www.businessweek.com/news/2013-0 ... key-credit

Yes, the article is a reminder that there are two factors at work.

The political unrest and consequently political uncertainty caused by Erdogan in Turkey and the much anticipated USA Fed Bank starting to draw away from QE, money, much of which (as short-term or "hot money"), attracted by nice interest rates and stability, ended up in emerging markets including Turkey. It can be withdrawn as easily as it went in.

For those who want a third point and a very interesting third point, the article tells us that interest rates on the latest issue of Turkish Bonds reached 6.7%... it's generally held that 7% is the border between sustainable debt and unsustainable debt.

Erdogan should have acted last week to reach out to the protesters and calm the markets. ... little wonder he started to blame "international speculators" (read "Jews" for that) three weeks ago... he knows the economy is heading southwards.

[kurupetos]

bullshit and you know it. they produce products for high end markets too. m&s sell terkish goods. is m&s low quality.

Most M&S products are from 3rd world countries.

We're agreed then that Turkey is a third-world country .

take your musk off and smell the bullshit you spread.

how many third world countries are in the g20. is cyprus or greece in it.

monodahtilo to you elambui friend.

Cyprus and Greece are in it, because one of the G20 members is the EU.

BTW, Turkey is classified as a developing economy.