By bne IntelIiNews “The chickens are coming home to roost” when it comes to Turkey’s “unorthodox” and “contrary” economic policy and this autumn’s refinancing round for Turkish banks, GlobalCapital wrote on November 1. One Turkish lender expects a third of international lenders to drop out of loans to Turkey’s banks this autumn, the financial markets journal added. With Akbank and Vakifbank having both refinanced loans at prices far higher than in the spring or last autumn, the latest refinancing round may be “the turning point” for Turkey, advised George Collard, senior emerging markets repor…
