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The Intelligence from The Economist

Debtor luck next time? Meeting Sri Lanka’s new president

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 19 August 2022

⏱️ ? minutes

🧾️ Download transcript

Summary

We pay a visit to the presidential offices just weeks after protesters stormed them. Things seem calm and the new leader has clear plans; can the country put its years of economic crisis behind it? We investigate the curious case of Turkey’s growth amid screaming inflation. And the “shadow regency” in Britain as the Queen slows down. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

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Transcript

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0:00.0

Hello and welcome to the Intelligence from the Economist in London, I'm Jason Palmer.

0:09.5

And in New York, I'm John Fassman.

0:12.6

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

0:20.5

Turkey has been limping from one currency crisis to the next since 2018.

0:26.0

More and investors have cashed out inflation has hit 80 percent, yet somehow the economy

0:31.6

has kept going and growing.

0:33.8

We ask how the country keeps defying economic gravity.

0:39.0

And at the age of 96, Britain's Queen Elizabeth is slowing down.

0:43.6

This year, her crown attended Parliament's opening without her, so Prince Charles has

0:48.1

taken on more royal duties.

0:51.0

We ask how well he's been able to follow in his mother's footsteps.

0:55.9

But first, for years Sri Lanka's troubles had gone from bad to worse.

1:06.8

Mired in a debt crisis, its citizens endured shortages of food, fuel and basic services.

1:12.8

All while a diagnostic family clung to power, the Rajapaksas.

1:23.0

Last month, after extended protests, demonstrators stormed the presidential palace refusing to

1:28.0

leave until the president had resigned.

1:35.6

The fall of Gota Baya Rajapaksa was cheered by thousands on the streets of the capital

1:40.1

Colombo.

1:41.2

And since then, a new president has been sworn in.

1:43.7

Five time Prime Minister and now President Ronald Vikramasanga is charged with turning

1:58.8

the country around.

2:00.6

Since he took office, the violence has dwindled, and Colombo is a far more peaceful place.

...

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