https://twitter.com/Schuldensuehner/status/1472839317710114817 New week, new lows. #Turkey Lira plunges to another All-time low after Erdogan says Islam demands lower rates. Now down 57.4% YTD. https://t.co/No6j5flgbf via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1473064669430657024 #Turkey Lira surges by most in decades on Erdogan rescue plan. Govt will make up for losses incurred by holders of lira deposits should lira’s declines vs hard currencies exceed interest rates promised by banks. Should mitigate retail investors’ $ demand. https://t.co/on6xWJ9g8H https://t.co/O9kCvOexLE via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1476709184699711488 #Turkey’s currency woes are likely to get worse: President Erdogan’s voodoo economics have put taxpayers on hook for billions. Rescue plan involves govt insuring lira deposits against swings in exchange rate. In short term the scheme seemed to have worked. https://t.co/lkk3fppApo https://t.co/upKmoh5Ne7 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1477991289622777856 #Turkey inflation hits highest since 2002 amid Lira woes propelled by President Erdogan’s push for cheaper borrowing. Annual consumer inflation rate rose to 36.08% last month, a 19y high. https://t.co/DIdCUJixdn https://t.co/ItfhcjCTAr via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1509785090510966804 FX markets once again reflect the rise and fall of nations. Ruble not weakest currency ytd, but once again #Turkey Lira. Appreciation of Brazil Real and SA Rand remarkable in the year of the start of Fed-rate-hike cycle. Europe's decline is reflected in Euro's loss vs the Dollar. https://t.co/LTb3JLaNPx via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1516902657729957888 A perfect storm of surging fuel and food prices, #Fed rate hikes and mounting debt is pushing emerging markets to the brink. #Turkey, #Egypt & Vietnam head the Bloomberg list of major emerging markets vulnerable to fallout from the war in #Ukraine. https://t.co/FQZkUNwNeP https://t.co/zMoNBGQeUM via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1526170540788031489 #Turkey Lira seems to be back in the firing line after half a year of relative stability - helped by that FX protected deposit scheme which seemed to change the narrative a bit, albeit raising longer-term concerns about who is going to pay for it. Drops >1% to 15.7 per Dollar. https://t.co/4ZxbaPEDlL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1532628656761233410 OOPS! #Turkey’s official inflation rate hit a 23y high as President Recep Tayyip Erdoğan’s unorthodox strategy for managing the country’s $790bn econ continued to backfire. https://t.co/fnGX700XGj via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1532635583406800897 #Turkey back in the #inflation age of the 1990s. Looks as if Erdogan has lost his last econ credibility. CPI has jumped to 73.5%, Core CPI jumped to 56%, and PPI to 132.2%. https://t.co/Ilz3uuGYBa via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1556420216262885386 Alarm mounts in western capitals over #Turkey’s deepening ties with #Russia. Officials warn of retaliation if Ankara helps Moscow evade sanctions after Erdoğan and Putin agree to increase co-operation. https://t.co/TxoUpqOhez https://t.co/f76In2mtnQ via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1558207665981067269 #Turkey rating was cut deeper into junk by Moody’s as balance-of-payments risks mount & authorities struggle to stabilize the Lira & restore FX buffers. Turkey was downgraded to B3 from B2, outlk raised to stable from neg. Moody's also cited inflation, which rose to 79.6% in Jul. https://t.co/8PVxFuJX4U via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1575945507218001920 S&P cuts #Turkey’s debt rating further into junk on loose policy ahead of 2023 parliamentary & presidential elections. The rating company lowered Turkey to B from B+, leaving it on par w/Mongolia & Egypt. The outlook on the rating is stable. Mkts price in 42% default probability. https://t.co/k6MKPHCN0C via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1627759088963657728 #Russia's exposure of #Turkey's banks more than doubled to $442mln in Q3 2022 alone. In absolute terms, it is, however, still low compared to for example German Banks w/a total exposure of $3.7bn. https://t.co/Gb6tnZ5CUd https://t.co/WdhehHwS9U via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656561734092554241 #Germany has fallen further behind #France as an investment location or as investment platform. It is of little comfort that the decline in the UK and Spain has been even greater. #Turkey, #Portugal, #Poland & #Ireland were the big winners for foreign direct investments (FDIs). https://t.co/coMzPD9OPS via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657905917201973250 Erdoğan and Kılıçdaroğlu locked in tight race for Turkish presidency. #Turkey’s presidential election has turned into one of the world’s most important pol contests this year b/c of massive implications for future of democracy in NATO member of 85mln people.… https://t.co/eiA1Xyv4Lk https://t.co/dSlBgGN6Ag via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658037564639420418 #Turkey Lira on the way to 20 per Dollar following the presidential election as investors see an 80% chance that Erdogan will win the runoff, sending the country into a Balance of Payment crisis. https://t.co/rezhkF8CHz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658081564285124620 Markets are not always right, as can be seen from the election results in #Turkey. Interest rate markets had put a relatively higher probability on an opposition win in the presidential election, pricing in an expected policy interest rate of close to 40% in one month’s time,… https://t.co/Jsg3A0KGze https://t.co/ndJ4r3CWHg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658145118610763778 Mind the gap! The gap between #inflation and the key interest rate in #Turkey is unlikely to be closed anytime soon, w/current president Erdogan in pole position for the runoff election in two weeks. https://t.co/VXFgoPFkmL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658385982729617408 #Turkey post-vote selloff continues. Bank Stocks dropped >8%, most in 9 months, while Turkey Lira on course to fresh All-Time low. https://t.co/qycU0QF0eX via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660654399302115333 #Turkey's Far-right 3rd-placed candidate Sinan Ogan throws support behind Erdogan for president in 2nd round. https://t.co/zuhEZahtH9 via @Schuldensuehner