Lira Tanks As Germany Pressures Banks To Cut Turkey Funding
![Lira Tanks As Germany Pressures Banks To Cut Turkey Funding Lira Tanks As Germany Pressures Banks To Cut Turkey Funding](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/420372539abbd82ff45fd571130ea2bc-600x310.jpg?itok=duq6momV)
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.