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