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Asia Times: Angered by plunging lira, Erdogan vows to take action against credit rating agency
Turkish president claims Moody's is undermining his country's economy.
Turkish President Recep Tayyip Erdogan has once again lashed out at credit rating agencies, this time directing his ire at Moody’s, which he has vowed to take action against following the June 24 elections, claiming that it is undermining his country’s economy.
The Turkish strongman, a self-proclaimed “enemy of interest rates,” attributes the weakness of his country’s lira currency to the misdeeds of Western powers bent on undermining his government. He insists that the sell-off is the work of a nefarious “interest-rate lobby” that has links to Moody’s, Standard & Poor’s and Fitch, which have been critical of Turkey’s economy.
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WNU Editor: Turkish President Erdogan is reacting because it has been a disastrous week for the Lira .... Turkish lira slides almost 6% in worst week in a decade (Financial Times), and it is becoing a threat to his re-election prospects .... Poll shows support for Turkey's Erdogan eroding, vote going to second round (Reuters).
More News On Turkish President Erdogan Threatening US Credit Rating Agency Moody's
Turkey's Erdogan says to take aim at Moody's following June elections -- Reuters
Turkish lira slumps on renewed concern over economic policy -- Ahval
Erdogan threatens 'operation' against Moody’s for Turkey review -- RT
Turkish President Erdogan Threatens 'Operation' Against US Rating Agency -- Sputnik
