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Financial Markets Wary as Turkish Currency Hits Record Lows

The Turkish lira hit record lows this week, following Sunday's police raids on media establishments and an ensuing diplomatic row over the action between Turkey and the European Union. After begin rebuked by the EU for the police raids and arrests of journalists, Turkish President Recep Tayyip Erdogan launched a verbal salvo earlier this week against the EU, telling it to mind its own business and warning that Ankara was ready to walk away from its 40-year quest for membership. The...

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