Financial Times FT.com

Turkish politicians argue over need for IMF help as crunch bites

By Delphine Strauss in Ankara

Published: October 28 2008 02:00 | Last updated: October 28 2008 02:00

A political squabble has broken out in Turkey over whether it should turn again to the International Monetary Fund for help, amid growing evidence of the negative impact of the global financial crisis.

The country's most recent $10bn (£6.4bn, €8bn) IMF deal expired in May, and despite the rush by several European countries this month for support from the Washington-based body, Turkish politicians initially said Ankara could do without outside help.

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