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The Intelligence from The Economist

Can’t take a hike: more economic turmoil in Turkey

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 24 March 2021

⏱️ ? minutes

🧾️ Download transcript

Summary

President Recep Tayyip Erdogan just does not like interest-rate rises. So he has again sacked a central-bank governor given to imposing them—again, to his own peril. America’s love of free markets extends also to the business of sperm donation; our correspondent discusses the risks that come with so little regulation. And the opera composer who is shaking up stereotypes.

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Transcript

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0:00.0

Holly and Cheneyce are prepping for a big weekend away and it needs to go exactly to plan

0:05.3

so they need to know exactly what they're getting like the choice of over 800 hotels.

0:10.0

Yes! Right in the centre!

0:12.1

So there are only moments away from where they want to be with a super comfy bed waiting for them at the end of the night.

0:18.0

And with checkout by 12pm they can even hit snooze.

0:22.3

Enjoy the same feeling whatever the trip.

0:24.8

Premier in rest easy. Only available to book at premierin.com.

0:36.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host Jason Palmer.

0:41.4

Every weekday we provide a fresh perspective on the events shaping your world.

0:46.0

In lots of places being a sperm or egg donor is a lucrative choice. In America it's one with few

0:56.7

limitations. We look at the perils of an unregulated market and speak to a man who's unwittingly

1:02.6

become a father to dozens and dozens of children. And in the world of opera female characters are

1:10.0

often tragic or weak and women rarely end up as notable composers. We examine the latest work

1:16.7

by Missy Mazzoli who's doing much to turn both of those trends around.

1:27.9

But first...

1:33.4

It's happened again. On Saturday Turkey's president Recep Tayyip Erdogan abruptly fired the head

1:39.3

of the country's central bank. The reaction this week from international investors has been

1:44.0

swift and mostly negative. The country's lira currency plunged to near record lows after the

1:49.8

shock weekend. This seems to me like the Ottoman deep state at its best. We've got the lira

1:54.4

falling over 15% what the heck is happening at the central bank. Naji Agbal was the third person

1:59.6

to hold the job in two years. He'd only been in the post for four months. His dismissal came

2:05.3

as a particular shock because his strategy had begun to address serious economic issues,

...

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