• Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

    21 days ago - By Chron

    Stringer/Reuters
    Turkey sharply raised its benchmark interest rate this month.
    But it may need a hefty credit line to avoid defaults and capital flight.
    Macquarie strategists estimate it needs $75 billion - more than Argentina recently received from the IMF.
    Turkey may need more than just rate hikes to shore up capital.
    Specifically, it needs about $75 billion, according to Macquarie strategists Thierry Wizman and Gareth Berry. That's about 1.5 times what the International Monetary Fund agreed to loan Argentina this summer - the largest bailout deal in its history.
    Read more ...

     

  • Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

    Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

    21 days ago - By Business Insider

    Turkey sharply raised its benchmark interest rate this month.
    But it may need a hefty credit line to avoid defaults and capital flight.
    Macquarie strategists estimate it needs $75 billion - more than Argentina recently received from the IMF.
    Turkey may need more than just rate hikes to shore up capital.
    Specifically, it needs about $75 billion, according to Macquarie strategists Thierry Wizman and Gareth Berry. That's about 1.5 times what the International Monetary Fund agreed to loan Argentina this summer - the largest bailout deal in its history.
    "President Erdogan isn't likely to allow...
    Read more ...

     

  • Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

    Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

    21 days ago - By Business Insider

    Turkey sharply raised its benchmark interest rate this month.
    But it may need a hefty credit line to avoid defaults and capital flight.
    Macquarie strategists estimate it needs $75 billion - more than Argentina recently received from the IMF.
    Turkey may need more than just rate hikes to shore up capital.
    Specifically, it needs about $75 billion, according to Macquarie strategists Thierry Wizman and Gareth Berry, or about 1.5 times what the International Monetary Fund agreed to loan Argentina this summer - the largest bailout deal in its history.
    "President Erdogan isn't likely to allow...
    Read more ...