ISTANBULTurkeys Finance Minister Berat Albayrak announced a $5 billion plan to help the countrys banks cope with a rise in corporate defaults, a remedy analysts said may not be enough to erase the towering debt left by a decade of credit-fuelled growth and avert protracted economic recession.
Mr. Albayrak, the son-in-law of President Recep Tayyip Erdogan, said Wednesday that the government would make the funds available to a number of state-run lenders to help them cope with bad debts, especially in the energy and construction…
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