Rotten trees prop each other up

Headline: Rotten trees prop each other up Source: EuromoneyDate: May 2001Author: Metin Munir Turkey has been suspended on the brink since February 22 when the government floated the lira and ended the 14-month stabilization programme supported by the IMF. The new programme has not been finalized and until it is Turkey will drift in semi-darkness. […]

Headline: Rotten trees prop each other up
Source: Euromoney
Date: May 2001
Author: Metin Munir

Turkey has been suspended on the brink since February 22 when the government floated the lira and ended the 14-month stabilization programme supported by the IMF. The new programme has not been finalized and until it is Turkey will drift in semi-darkness.

The February crisis is unique in that it has hurt all segments of society – from the army to the well-heeled – and deprived the government of virtually all support.






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