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Turkey Suffers from Massive Capital Outflow

Published: July 17, 2013; 18:54 · (Vindobona)

Due to the mass protests and the sharp political reactions, investors became suddenly much more cautious.

Turkey Suffers from Massive Capital Outflow / Picture: © Flickr

Within only a few weeks, more than $ 3.0bn were withdrawn from Turkey. Since May, Turkey registered a capital outflow of about € 2.3bn, Deputy Prime Minister Ali Babacan said to the Turkish news broadcaster NTV.

Babacan underlined that the protests were not the only reason for the capital outflow. The U.S. federal reserve bank considered reducing the purchase of bonds. As a…

This article includes a total of 443 words.

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