Europe’s Banks Latest Crisis? Turkish CoupRupert Hargreaves
After last week’s failed coup, Turkey will be the focus of the financial markets for the next few weeks. The long-term investability of the country has now been thrown into question as political turmoil coupled with economic uncertainty, and currency volatility is almost sure to scare investors away.
Luckily, most US companies have limited exposure to Turkey’s economy; most European companies also have limited exposure. However, European banks are more exposed than . . .
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