Tuesday, February 25, 2014

EM Rundown: Unintended Consequences In Turkey, Intended Consequences In China

This year's original 'problem child' of the emerging market currency world may be in trouble once again. Late yesterday, a leaked tape recording was released, purportedly featuring the voice of Turkish Prime Minister Recep ErdoÄŸan telling his son to launder over 2B lira of hidden money on the same day



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