All in

Turkey continues to haggle with the International Monetary Fund over a rescue deal. Even for a government that thrives on brinksmanship, the reluctance to sign on looks like national economic suicide. The market thinks so. Months of uncertainty have driven equities and the Turkish lira to fresh lows. But it’s a little more complicated. The story in Istanbul is that Recep Tayyip Erdogan, the country’s prime minister, reasons that the IMF can be cajoled into extending a loan on more f...