- As American baseball legend Yogi Berra once supposedly quipped, “It’s déjà vu all over again.”
Three years ago the crisis was in Greece, now it’s Turkey.
- Richard Holden
- The Conversation
Another European summer and another European economic crisis.
It’s tempting to say that being in Europe is all the two situations have in common.
Greece’s population is a little over 10 million; Turkey’s is nearly 80 million.
Greece’s troubles were triggered by out-of-control government debt; Turkey’s government debt-to-GDP ratio is quite low.
The Greek government was on the loopy left; Turkey’s ruling Justice and Development Party is on the…