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Zero Hedge — “Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey

Summary:
Summing up JPMogan's findings, the bank concludes that "in terms of foreign bank exposures it appears that Spanish, French and Italian banks, as well as US and UK banks through contingent exposures, are most exposed to Turkey." The web of debt unravelling?Zero Hedge"Self-Fulfilling Contagion": This Is The Worst Case Scenario For Turkey Tyler Durden

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Summing up JPMogan's findings, the bank concludes that "in terms of foreign bank exposures it appears that Spanish, French and Italian banks, as well as US and UK banks through contingent exposures, are most exposed to Turkey."
The web of debt unravelling?

Zero Hedge
"Self-Fulfilling Contagion": This Is The Worst Case Scenario For Turkey

Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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