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When Turkey's Prime Minister, Turgut Ozal (left) comes to Britain to see Margaret Thatcher this month, it should be a meeting of minds. Privatization, competition - these are the means by which they both hope to bring prosperity to their countries. Both have an intractable unemployment problem. But Ozal has to overcome a much worse heritage. Besides the backwardness of rural Turkey, the lack of roads and the paucity of raw materials, there is the financial mess made by the governments of the 1970s, when the country hurtled headlong into to debt. Though Turkey is once more able to borrow on world markets, it has to do so on a more modest scale than its projects require. Can it mobilize its domestic resources? By David Barchard

So far, it's great. Eager investors, new to the equity markets, rush to buy airline stocks. But there's a warning from Singapore . . . By Quek Peck Lim

Reform gives the eight German stock exchanges a single voice, while confirming the dominance of Frankfurt and Dusseldorf.

Suddenly corporate treasurers are radically changing their attitudes. They want their departments to generate profits, instead of being cost centres. The most advanced are even setting up their own banks. And the Japanese are developing their new art of zaiteku. But all this involves dangers.

When Euromoney first pointed out the dangers of the leveraged buyout (April 1984) the fashion was new and exciting. Too exciting, declared Paul Volcker, who subdued the general enthusiasm for a time. But the fashion came back, with complications explained in full for the first time here.

Machismo in New York

"Airlines may decide they are good at operating aircraft, but less good than financial institutions at managing aircraft as assets,' said the president of Citicorp Industrial Credit, John Dewey. Not only Latin American airlines, but domestic US supplemental carriers have a history of taking old equipment on short-term leases, from, for example, International Air Leases of Miami, which is only now making the transition from four-engined 707s to Boeing 727s.

How the banks compete for leasing business

How Voest lost billions of Schillings

CAN THE STOCK BOOM BE SUSTAINED?

VRANITZKY'S MISSION TO REFORM

FRANCE LE BIG BANG