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Erdoğan and Turkey’s Collapsing Currency

December 3, 2021

Episode Notes:

The last several weeks have seen a dramatic drop in the value of the Turkish lira, as President Recep Tayyip Erdoğan wages war on conventional economic wisdom. Joining us to discuss the latest developments in Turkey's economy and political scene is Ankara-based Financial Times correspondent Laura Pitel.

[ 00:35 ] Plunging lira

[ 01:06 ] Erdoğan's economic logic

[ 02:47 ] Economic repercussions

[ 05:03 ] Political context

[ 06:08 ] Political response and counter-response

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