We now know, however, that it was a gambit made possible by deliberate efforts by senior executive branch officials to mislead the Congress into taking a step that the administration's own surveys had established would be deeply injurious to the U.S. military.
The IMF-induced lira collapse of early 2001 would have been infinitely more injurious to Turkey's economy if not for the informal dollarization already in effect--about half the transactions in Turkey are denominated in greenies.
The consequences of this interference in a foreign election are likely to prove fully as injurious as were the British government's efforts on behalf of Mr. Bush.