’s banks, which are already under pressure from rising bad debts and a slump in tourism. Turkey's failed political coup has increased pressure on the country's banks which are already trying to cope with rising bad debts and a drop in tourism. The Turkish lira fell sharply against the dollar after news of Mr Erdogan's comments. The three-month state of emergency is making it hard for banks to access the funds they need to cover short-term debt , meanwhile, the falling lira is makes lending in foreign currency riskier. On Tuesday, Moody's placed Turkey under review for a possible downgrade to junk.
Turkey's failed political coup has increased pressure on the country's banks which are already trying to cope with rising bad debts and a drop in tourism. The Turkish lira fell sharply against the dollar after news of Mr Erdogan's comments. The three-month state of emergency is making it hard for banks to access the funds they need to cover short-term debt , meanwhile, the falling lira is makes lending in foreign currency riskier. On Tuesday, Moody's placed Turkey under review for a possible downgrade to junk.