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...borrowing amid increasing interest rates on government bonds and treasury bills, critical negotiations to solve the Cyprus problem and rising fears that the US may drag Turkey into a conflict with Iraq.
Under the rescue package, dubbed the "Istanbul approach", as much as $7.5bn in corporate bank debts will be rescheduled, say bankers. The programme is designed to get Turkey's economy moving again, to help the country's 55 banks recover non-performing...
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