Devaluing the currency to push growth: Erdogan’s alternative recipe to revive the lira the markets do not like

MILAN – The president’s recipe Recep Tayyip Erdogan in economic and monetary policy it is the exact opposite of the debate that animates Western central bankers. Fed and ECB question, with divergent answers for the moment, on how rapid – and rigid – the tightening on monetary incentives and interest rates must be to block the escalation