Who'd be a ratings agency? Even Turkey's coup crusher doesn't like them.
- Says S&P's rating downgrade does not reflect the realities of the Turkish economy
Erdogan comments coming as he declares a temporary state of emergency (for 3 months ... yeah, right)
- 3 month state of emergency
- Says its within the constitution
- Its to take measures swiftly and effectively to tackle Gulen movment
(Yeah, I read that as 'Gluten' movement and though WTF???)
- Says no liquidity problem in Turkish mkt, the central bank will handle situation decisively
- Will not abandon fiscal discipline
(LOL)
- Armed forces are under the government's orders, acting in line with government
- He says he is gonna 'cleanse' the virus from the military
here's the lira:
Looks pretty calm, yeah? NOT.
