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Foreign Investors Feel the Pinch in Turkey

Turkish authorities in recent months have taken steps to reign in what they believe are activities that harm the Turkish economy. Global banks such as Goldman Sachs, Barclays and UBS have been sanctioned by the banking regulator and the Istanbul stock market.

Observers say that the sanctions have come as a reaction to the weakness of the country’s currency and concern by the government that the coronacrisis and a plunge in tourism revenue will exacerbate the troubles of the lira.

Read more in the following article that was posted on finews.ch in German.