Turkey-NATO Alliance Under Threat
PEJOURNAL - The Turkish lira has hit a record low against the dollar amid investor anxiety about the Turkish economy, hit by coronavirus and friction with NATO allies. President Recep Tayyip Erdogan has riled France and the US among others. Analysts attribute the weakening to concern about Turkish inflation and the central bank's refusal to raise its key interest rate. A rate rise could dampen inflation and encourage investors to buy lira. It was the beheading of a school teacher in Paris that sparked the latest war of words. Samuel Paty was murdered by a Chechen extremist, having shown a…