Turkey’s delusions of grandeur triggers currency panic

Source:PA Intelligence Date:07Aug2018

Investors wish to know whether Erdogan has abandoned his strange theories on interest rates, growth and inflation.  What makes Turkey so unique in terms of its persistence to pursue policies blaringly at odds with the rest of the world? Turkey has delusions that it is a superpower have led to a deepening crisis with the United States, said Simon Waldman, head of the Turkish Studies Research Group at King’s College London, writes Ahval News. A column in avidly pro-government Daily SABAH argues “The world has changed. Failure to accept that fact will only hurt American interests”, verifying the delusions of grandeur theory.