Turkey: the economic bubble that is ready to blow

Spengler aka David P Goldman on the precarious situation of Erdogan's Turkey:

In some ways Turkey's decline is more dangerous than the Syrian civil war, or the low-intensity civil conflict in Iraq or Egypt. Turkey held the North Atlantic Treaty Organization's eastern flank for more than six decades, and all parties in the region - including Russia - counted on Turkey to help maintain regional stability. Turkey no longer contributes to crisis management. It is another crisis to be managed.

But of course, read the entire article.