Turkey has issued another NAVTEX to prospect for gas in Cyprus's EEZ.
After backing down from going in to Greece's EEZ, they are back to feeling like a super power again with a country 80 times less its size.
How pathetic,
Now the Turkish Lira has made an all time low against the Euro due to the possibility of sanctions, rising foreign currency debt and depleted foreign exchange reserves.
The incompetent fools running the economy spent another $60 billion so far this year trying to prop up their worthless currency. $2 billion spent this week alone.
To fund the intervention, the central bank has relied on borrowing foreign currency savings held by Turkish depositors at domestic banks. They are blowing through their citizens money now.
The country is
"walking on thin ice and the situation is truly worrisome"What a corrupt regime. Its going to be a disaster.
Errorgans end could be just around the corner, along with wide scale poverty as the economy is on the verge of total collapse.
At least he can kneel in the Ayia Sophia before the Lord Jesus Christ and try to feed 5000 with five loathes and two fishes. But I dont think that is going to save him.
https://www.ft.com/content/737b5d1a-64d ... f50ccd4b52