Podcast

Director’s Cut – The extent of Turkey’s crisis

Bruegel director Guntram Wolff welcomes Brad Setser, senior fellow at the Council on Foreign Relations, and Jean Pisani-Ferry, Mercator senior fellow at Bruegel, to discuss the deterioration of Turkey's economy.

By: Date: August 24, 2018 Topic: European Macroeconomics & Governance

Although a recent souring of relations with the US has provided the immediate prompt for Turkey’s current crisis, the country’s underlying economic malaise is more deeply rooted.

Headlines have tracked the plummeting value of the lira, while the trust of external investors has been challenged by recent policy decisions. Though Turkey’s case bears some of the hallmarks of a textbook emerging-market meltdown, there are key divergences. Meanwhile, President Erdogan’s previous refutation of IMF policy recommendation does not bode well for potential assistance in the event that Turkey needs help brokering extension agreements with its creditors.

In conversation with Brad Setser, senior fellow at the Council on Foreign Relations, and Jean Pisani-Ferry, mercator senior fellow at Bruegel, Guntram Wolff assesses not only the nature of the crisis in Turkey but how the country might navigate its way back to safer economic waters.

For further reading, consider the recent blog post written by Grégory Claeys and Guntram Wolff discussing how the EU might respond to the currency crisis unfolding in Turkey, including options for the EU to help Turkey in the absence of any agreed IMF assistance programme.

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Podcast

Podcast

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By: The Sound of Economics Topic: Global Economics & Governance Date: September 20, 2018
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Podcast

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Podcast

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By: The Sound of Economics Topic: European Macroeconomics & Governance, Global Economics & Governance Date: August 31, 2018
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Blog Post

The Turkish Crisis

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By: Silvia Merler Topic: Global Economics & Governance Date: August 27, 2018
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Opinion

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By: Alicia García-Herrero Topic: European Macroeconomics & Governance, Global Economics & Governance Date: August 23, 2018
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Blog Post

What should the EU do about the Turkish currency crisis?

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By: Grégory Claeys and Guntram B. Wolff Topic: European Macroeconomics & Governance Date: August 14, 2018
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Past Event

Past Event

Designing a new institutional framework for UK-EU relations

Finding the right way forward for the EU and the UK.

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Podcast

Podcast

Italy's economic and political outlook

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By: The Sound of Economics Topic: European Macroeconomics & Governance Date: July 11, 2018
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Podcast

Podcast

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Bruegel's director, Guntram Wolff, is joined by Ashoka Mody, visiting professor in international economic policy at Princeton University to discuss topics from his latest book, Euro tragedy: a drama in nine acts.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: June 27, 2018
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Blog Post

The G7 is dead, long live the G7

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By: Jim O‘Neill and Alessio Terzi Topic: Global Economics & Governance Date: June 13, 2018
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