Time after time, we saw striking warnings about Turkish economy in reports, published by many huge international institutions. Once for all, Nomura, position Turkey at a more risky place than it does Indonesia and Brazil (in other words BIITS).

Since the end of 2009, Nomura is publishing Global Emerging Markets Risk Index (GEMaRI) scores, which casts light on the underlying fragility of each emerging market. Frankly speaking, this index is not a actual indicator for investors’ choice...