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SKOPJE, Macedonia, Sept. 11 (UPI) -- When lightning struck the main power plant in Pristina, Kosovo, 2 months ago, the damage was spectacular. Someone allegedly had forgotten to turn on the plant's lightning detection system, and a heap of melted metal was all that remained of the West's hug
At times crash has seemed imminent. Then relative calm has been found. For two years Turkey has lived dangerously. Its flight towards membership of the European Union and economic stability will remain hazardous for at least another year to come.
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WASHINGTON, July 9 (UPI) -- Mounting concern that Turkey's ailing 77-year-old prime minister will have to leave office soon is increasing concern that the country's economy could follow in Argentina's footsteps of a downward spiral. Just over a year ago, the parallels between the tw
ISTANBUL, Turkey, June 20 (UPI) -- Like distance between stars, Turkey's domestic debt stock is estimated in quadrillions.
WASHINGTON, March 18 (UPI) -- A year ago, Argentina and Turkey were seen to be on the verge of economic collapse, and international investors feared that the downfall of the two countries would trigger a global financial meltdown not seen since the mid-1990s, or worse.
What a di
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ANKARA, Turkey, Jan. 25 (UPI) -- In a move expected to delay long-awaited loans from the International Monetary Fund, Turkish President Ahmet Necdet Sezer on Friday sent three articles of a ban
WASHINGTON, Jan. 15 (UPI) -- Less than 12 months ago, Turkey and Argentina both seemed destined as emerging markets that were heading for financial disaster.
SKOPJE, Macedonia, Nov. 21 (UPI) -- On November 15, Horst Kohler, the Managing Director of the IMF, acknowledged that, despite a "strong implementation" of the IMF program, Turkey's financing gap may have increased by up to an additional $10 billion. He tenuously and untenably attributed th