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Erdogan labels rating agencies as 'impostors' and 'racketeers'
[Al Jazeera] ...the decaying remnant of the Ottoman Empire.... has accused Western credit-rating agencies of deliberately attempting to undermine the banking sector amid attacks on its currency, the lira. Friday's scathing comments from  ... Turkey's version of Mohammed Morsi but they voted him back in so they deserve him. It's a sin, a shame, and a felony to insult the president of Turkey...and his son-in-law, Finance Minister Berat Albayrak, came after two agencies, Moody's and Fitch, sounded more alarm this week about the state of Turkey's banks, citing the impact of the currency sell-off. "These rating agencies - in a way that has no precedent in the world - right after every forex attack, have weighed in and made intensive efforts to create a pessimistic view of our banks," Albayrak said in a speech in Istanbul. He said banks' balance sheets were stronger than most of their global rivals. "If they have their dollars, we have our God. They can't topple Turkey with dollars," he told supporters in the northwestern province of Balikesir. Posted by: Fred 2018-09-02 |
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