Thursday, June 25, 2009

EconNews Roundup

The quote below is from a Bloomberg item on an emerging market news conference:
For Turkey, it was 2001 when the currency collapsed and crippled the country’s economy. Policymakers in these countries understand what happens when they lose credibility and they understand how painful it is to regain credibility,” said Finegan. “These economies have been more prudently managed....
The credibility part really killed me... And the Turkish economy has been really prudently managed of late; if you don't count the fiscal mess we are in... Or the IMF mambo jumbo... Or medal-worthy performances in growth and unemployment...

In other news, OECD updates its Turkey forecasts.

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