Video Duration 25 minutes 00 seconds
From: Inside Story

Who is to blame for Turkey’s financial crisis?

Turkish President Recep Tayyip Erdogan accuses outsiders of mounting an economic war.

The Turkish lira is facing an unprecedented crash, losing more than 40 percent of its value against the dollar this year.

And its meltdown is rattling global markets. Turkey’s Central Bank has stepped in with measures it hopes will reassure Turks and financial markets.

And the finance ministry says it has an action plan in place.

President Recep Tayyip Erdogan blames the crisis on what he calls economic terrorists, but he has been criticised for his influence over the economy.

What are the implications of the crisis in Turkey, at home and abroad?

Presenter: Mohammed Jamjoom


Ozgur Unlukisarcikli, director of the Ankara office of the German Marshall Fund of the United States.

Dietrich von Kyaw, former German ambassador and permanent representative to the European Union.

Ege Seckin, senior political risk analyst at the firm IHS Markit.