Turkey Needs to Regain Credibility Says Teneo Intelligence's Piccoli

The transcript discusses Turkey's economic challenges, focusing on the depreciation of the Turkish lira and the institutional impact of economic policies. It highlights the lack of confidence in the current economic model and the need for reforms. The political choices made by President Erdogan, including his control over monetary policy, are examined. The discussion also touches on the credibility of key institutions and the leadership decisions affecting Turkey's economic stability.

What does the speaker suggest is necessary for Turkey to regain credibility in its economic institutions?

What are the potential consequences of the lack of political will in addressing Turkey's economic crisis?