Why Turkey’s currency crash does not worry Erdogan
Turkey’s national currency has plummeted 45% against the dollar this year and yet President Recep Tayyip Erdogan doesn’t seem all that bothered.
The lira has flirted with record lows this week, but Turkey’s long-time leader is pressing ahead with his “economic war of independence”, backed up by low interest rates.
One in five young people in Turkey is out of work; it is even worse among women.
Turkey has the world’s fourth highest rate of youth not in employment, education or training, according to the OECD.
Turkey’s youth compare their living standards with those in other countries and do not like what they see.