Kinsella: Turkey Had No Choice but to Raise Rates

The transcript discusses the economic and political landscape in Turkey, focusing on interest rate hikes, the central bank's role, and the impact of global pressures on emerging markets. It highlights the political dynamics involving President Erdogan, the central bank's independence, and Turkey's strained relations with Europe, particularly concerning migration policy.

Discuss the political implications of the central bank's actions as described in the text.

What role does Turkey play in the migration policy of Europe as mentioned in the text?