Devaluaciòn de la Lira Turca

With the 10th anniversary of the Lehman collapse just passed, and umpteen other 10th anniversaries of the events of the Global Financial Crisis (GFC) falling thick and fast over coming months, commentators and analysts are casting around for signs of the next crisis brewing.

El Gobierno de Erdogan reducirá proyectos de infraestructuras para ahorrar

La institución monetaria ha elevado los intereses 625 puntos básicos para luchar contra la devaluación de la lira y la elevada inflación

As currencies plummeted, Turkish companies try to keep a lid on prices while in Buenos Aires there is strong demand for higher wages

The key ingredient in prolonged contagion is continued dollar strength. And it’s here.

Argentine families are trying to cope with 30 percent inflation. Companies in Turkey face bankruptcy if they can’t pay off soaring debt costs. And investors who bet on emerging markets will be deep in the red this year.

El epicentro de la crisis cambiaria está en Turquía, pero las reverberaciones llegan a Argentina, Sudáfrica, Brasil, Rusia e India

Those observing Istanbul’s construction boom will not have been surprised by last week’s currency collapse – it’s all based on debt

China’s willingness to extend credit has transformed it into the best friend of emerging markets. But there are reasons to believe the flow of easy money may suddenly dry up — just as distressed economies from Argentina and Venezuela to Turkey and Pakistan look to Beijing for a lifeline that would be less onerous than an International Monetary Fund bailout.