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To: John Pitera who wrote (109609)	8/13/2018 3:22:51 AM
From: Robohogs	Read Replies (2) \| Respond to of 218392

Bit of a mountain out of a molehill if you ask me. Turkey on paper looks much better than Greece. Similar PPP per capita. Low taxes. Low govt burden. Low debt. Low budget deficit. Low trade deficit (One of few countries where US is in surplus lol). External debt is less than Greece. No common currency. Not in full EU (was on schedule to try but now halted due to human rights stuff - had to look up lol) so much less risk of contagion. Issue with Greece was the banks. Greece and EU. Capital charges were non-existent (article on this topic linked btw over on cfz thread but for US now - I commented on it as separate message). But still only BB credit. And problematically, local banks do own nearly half of soverign debt. The key though is fewer areas of linkage to EU. Jon