Tuesday, August 15, 2017

''Turkey’s economy: The next casualty of Erdoğan’s state of emergency'' Aykan Erdemir

''..Last year’s abortive coup and the ensuing state of emergency have dealt a heavy blow to Turkey’s democracy. But the country’s free market economy, too, has become a casualty of Erdoğan’s power grab, scaring away new investors and branding Turkey “the crisis candidate” among emerging markets.
Erdoğan has so far ignored calls by his transatlantic allies to respect political liberties — with no real cost to his power. If he similarly dismisses the warning signs from global markets, this time the consequences could be much worse, both for the Turkish economy and his own reelection potential..''
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