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Turkey’s meltdown ripples across emerging markets

By Bloomberg
13 August 2018   |   6:45 am
Vishnu Varathan, head of economics and strategy at Mizuho Bank, discusses the crisis in Turkey and its impact across emerging markets.

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TikTok lives, digital gifts, PayPal and cryptocurrency deposits are some of the main methods used by scammers that claim to raise money for survivors of the earthquakes in Turkey and Syria. In this edition of Truth and Fake, we go through the donation scams to look out for.
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As the dust begins to settle in Turkey, questions are being asked about construction scams and the politics that allowed unsafe structures to be built.
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The number of countries present on the ground in Turkey is going down as humanitarian aid takes over from search and rescue missions. One of the main priorities now is providing medical assistance to alleviate, and at times even replace, Turkish hospital services that cannot face the crisis on their own, given that many health centers are damaged or even destroyed.
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US Secretary of State Blinken has promised Turkey extra aid following a recent devastating earthquake. But his visit also comes amid the thorny issue of NATO's expansion to Finland and Sweden, which Turkey is blocking.
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In the aftermath of the earthquakes in Turkey and Syria, the level of trauma suffered by survivors is enormous. Among the homeless are thousands of children. They are particularly vulnerable and urgently need help.
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Southeastern Turkey experienced its fourth earthquake in three weeks Monday. The 5.6 magnitude event toppled several buildings and killed at least one person. Rescue efforts are ongoing.
3 Mar
Turkey has agreed to discuss Sweden and Finland's membership bid with NATO. The two countries decided to join the security alliance after Russia invaded Ukraine on 24 February. Negotiations began last June, but were called off in January.
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