i think we caught up with you
for the imf world bank meetings.
we talked about the turkish
lira.
what is your biggest risk out
there?
is it the currency crisis in
turkey because that has a more
systemic effect for emerging
markets?
guest: you know, emerging
markets has taken on a lot of
debt, including foreign-currency
debt.
they need to do more with
respect to good policy to
prepare for higher rates, higher
oil prices, and eventually a
stronger dollar.
this is an unrestrained set of
for -- and unforeseen set of
circumstances.
i hope turkey and other
countries will take steps to
prepare for what will be even
more stressful times ahead.
francine: all right, great to
speak to you, as always.
iif,is tim adams from the
joining us from brussels.
coming up later today on
bloomberg tv, we talk to lucky
barton -- to lockheed martin's