Turkey to go falco?

James Heartfield Jim at heartfield.demon.co.uk
Mon Mar 5 07:30:19 PST 2001


thanks to Daniel for this advance intelligence

In message <20001130113812.19646.qmail at web5504.mail.yahoo.com>, Daniel Davies <d_squared_2002 at yahoo.co.uk> writes
>Not seen anything about this on the list, but the
>market is veritably abuzz with it. Turkey's got U$24bn
>of reserves, which it appears to be burning at a rate
>of $8bn/week, and $24bn of short term debt to roll
>over in the next month. It's probably too good a
>pupil of the IMF to actually default, but some form of
>falco is certainly definitely on the cards.

-- James Heartfield



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