Get Real! wrote:More on the kebab spring…
“Turkish markets tumble as protests unsettle investors”
http://www.reuters.com/article/2013/06/ ... E120130603
Turkish Lira has been on a downward spiral against other major currencies for the last 2 weeks. I guess upgrades by credit agencies on Turkey hasn't been that good after all. Imports have climbed also, since Turkey is no longer able to hide expenses for fuel with Iran, disguised as gold exports. Talk about "smoking mirrors" economy when Turkey was able to show $20 Billion USD as gold exports that went to pay Iran for the gas behind the scenes and not showing $20 Billion USD as imports for the same gas from Iran.
Borsa Istanbul Stock Exchange National 100 Index
78,814.58.....down 7,228.96.......down 8.34%
http://www.bloomberg.com/quote/XU100:IND