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Lira Tanks As Germany Pressures Banks To Cut Turkey Funding

Lira Tanks As Germany Pressures Banks To Cut Turkey Funding

Following yesterday's US decision to decline a visa for a Justice ministry delegation, it was Germany's turn today to put the screws to Turkey. As Bloomberg reports, Germany is actively working to cut funding to Turkey from the country’s state-owned KfW bank, the European Investment Bank and the European Bank for Reconstruction and Development, people familiar with the matter say.

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