Reuters reveals Turkey's restructuring stalls as banks, government wrestle with bad debt - Reuters News Agency

Reuters reveals Turkey’s restructuring stalls as banks, government wrestle with bad debt

Reuters exclusively reported that efforts to clean up Turkey’s bad debt have stalled after bankers rejected or put on hold initial plans, frustrating the country’s attempts to leave behind the worst of last year’s currency crisis. Interviews with more than a dozen bankers, company executives and advisers show that there has been little progress over the past three months with plans to help lenders to Turkey’s construction, real-estate and energy companies that can no longer afford roughly $20 billion of debt.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Europe / Middle East / Africa
5d30c892-d8f0-4558-88fc-0b50ac130004
Sign up for email updates
Subscribe
Sign up for email updates