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The Turkish lira is sinking so fast it risks 'smashing into the ground' — and people are worried about European contagion

The Turkish lira is sinking so fast it risks 'smashing into the ground' — and people are worried about European contagion

The Turkish lira is sinking so fast it risks 'smashing into the ground' — and people are worried about European contagionThe Turkish lira has fallen more than 10% against the dollar after a Turkish delegation in Washington failed to prevent US sanctions. There are concerns that contagion could spread to Europe. The lira “is falling so fast that a parachute is the first thing that comes to mind to prevent the lira smashing into the ground,” Bart Hordijk, a market analyst at Monex Europe, told Business Insider.

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