Will Germany BAILOUT Turkey? Emerging Markets Fall as Bank Defaults Pose Huge Risk!

Turkey has seen its currency fall this year, along with several others while the USD has remained strong.Any currency which is weak against the dollar will have local pressures because everything is priced in USD and everything must flow through US dominated financial systems. But what happens when the financial system is disrupted?

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As Turkey Teeters, Germany Considers Offering a Financial Lifeline - WSJ
https://www.wsj.com/articles/as-turkey-teeters-germany-considers-offering-a-financial-lifeline-1535459427
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Turkey’s Banks Bear Weight of Currency Crisis - WSJ
https://www.wsj.com/articles/turkeys-banks-bear-weight-of-currency-crisis-1534243378
MSCI Emerging Market Index, MIEF00000PUS:MSI Summary - FT.com
https://markets.ft.com/data/indices/tearsheet/summary?s=MIEF00000PUS:MSI
000001.SS 2,777.98 -2.92 -0.10% : SSE Composite Index - Yahoo Finance
https://finance.yahoo.com/quote/000001.ss?ltr=1
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EU Looking to Sidestep U.S. Sanctions With Payments System Plan - BNN Bloomberg
https://www.bnnbloomberg.ca/eu-looking-to-sidestep-u-s-sanctions-with-payments-system-plan-1.1129018