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Headline: Treasury bill famine drives consolidation Source: Euromoney Date: November 2000 Author: Metin Munir The Turkish government is committed to banking consolidation, privatization and restructuring. It will also sell off the ailing banks it has taken under its wing. The country’s numerous banks are no longer able to live off interest payments from government debt. Metin Munir reports The banking system is likely to be the most serious long-term test of the Turkish government’s compliance with the IMF programme negotiated last year. |
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