Detailed text transcripts for TV channel - MSNBC - 20180817:19:39:00
On foreign investment and investors are concerned by president erdogan's monetary policy. turkey has also racked up a lot of foreign debt. the more the currency falls, the more expensive the debt gets to pay off. it's been on a steady decline all this time. see what's happened here. the lira is off about 40%. turkey is one of the so-called fragile five economies along with india, brazil, indonesia and south africa. these emerging markets earned that title during the recovery period after the great recession. like turkey, these countries rely heavily on foreign investment. if one of them takes ...
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