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View Full Version : Lira Confidence Unmatched by Default Swaps After 2011 Rout: Turkey Credit - Bloomberg



NewsWhore
02-16-2012, 06:50 PM
Lira Confidence Unmatched by Default Swaps After 2011 Rout: Turkey Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEHGSwdo-REnsUNx60N7iYG6NUSEA&url=http://www.bloomberg.com/news/2012-02-16/lira-confidence-unmatched-by-default-swaps-after-2011-rout-turkey-credit.html)
Bloomberg
Basci, 45, sparked a tumble in bonds and the currency last year with a dual interest rate policy that allowed him to lend at rates as high as 12.5 percent, stoking concern the second- fastest growing major economy was heading for a recession.

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