Australia may suffer due to the US economic conflict with Turkey

Turkish Lira continues his free fall. Key financial indicators are critical. Investors and analysts are convinced of the thoughts that the crisis can «infect» and other world economies.

The currency fell by more than 40% in relation to the US dollar this year, and Ankara’s relationship with Washington turned out to be hopelessly spoiled. In Europe, it is afraid that Turkish companies that borrowed foreign currency in large banks, such as BBVA Spain, UniCredit Italy or BNP Paribas France, may face payments to euro or dollars, or default on these loans will be announced.

Earlier we wrote that