With the US likely to raise interest rates next week, it seems likely it will put added pressure to the issues going on in emerging markets and their debt crises.
Europe holds a lot of Turkish debt, and while the majority of their inflation issues are a lack of confidence in their leadership, higher US rates won't help.
Here's the USD/TRY (a proxy for Turkish inflation)... note the pennant formation... suggesting a continuation upward.
And while the ~2X since July 2016 isn't comfortable, it can get a whole lot worse... as in the Argentine Peso, which has gone ~10X since 2008!