Turkish President Recep Tayyip Erdogan is doubling down on his highly precarious monetary policies in an effort to buttress the country’s failing economy while distracting the public’s attention from the gradual depreciation of the Turkish currency, protothema.gr reports.
Bloomberg reports that Turkey’s sovereign wealth fund will inject 21 billion liras ($3 billion) into three-state lenders to strengthen their capital positions and minimize the impact of the coronavirus pandemic that may provide a $24 billion boost to the market.
Read more at protothema.gr
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Kremlin.ru
