![Without a fresh supply of loans, and financial investors abandoning its bond and equity markets, Turkish lira could weaken precipitously, writes Yesilada [EPA]](/wp-content/uploads/2016/08/69a0a2c7d3954900accd9eddba05ce2c_18.jpeg?resize=270%2C180)
The biggest threat from an escalation of conflict with the West would be a blow to Turkey’s fragile balance of payments.
From: Inside Story
Is Turkey undergoing a shift in foreign policy?
Ankara has held high-level meetings with leaders from Russia and Iran within the space of a week.
12 Aug 2016
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Russia and Turkey find themselves in the same boat, so it’s only rational for them to de-escalate tensions.
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