Since 2002, when Recep Tayyip Erdogan’s AK Party came to power, the Turkish economy has grown in size by more than 60% and political stability has been restored. But now Erdogan is destroying his reputation.
His response to a corruption scandal implicating members of his government has been to sabotage the judicial investigation and insist that it is the work of a political rival.
“Foreign investors are becoming unnerved by the dangerous erosion of the rule of law,” says the FT. Stocks have slid to a two-year low and the Turkish lira is at a record low against the [...]
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