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Monday, July 22, 2019

What Does a New Mayor in Istanbul Mean for Erdogan? | The National Interest

What Does a New Mayor in Istanbul Mean for Erdogan?

It is too early to tell whether the mayoral elections mark a turning point for Erdoğan within the Justice and Development party and within the larger Turkish political system.

More:What Does a New Mayor in Istanbul Mean for Erdogan? | The National Interest

Turkish centre-right: soon over-crowded? | openDemocracy

Turkish centre-right: soon over-crowded?

Throughout the early 2019 election process, İmamoğlu pushed the boundaries of the secularist main opposition CHP, marching to the centre via a reconciliatory populism.

More:Turkish centre-right: soon over-crowded? | openDemocracy

Sunday, July 21, 2019

Erdogan's rivals won Istanbul. Now they have to stem its runaway debt. - Alton Telegraph

Erdogan's rivals won Istanbul. Now they have to stem its runaway debt.
Ercan Ersoy, Bloomberg Published 6:06 am CDT, Sunday, July 21, 2019

Turkey's opposition twice took on President Recep Tayyip Erdogan's political machine in Istanbul and won.

Dismantling what it calls a legacy of waste and runaway debt in the country's biggest city might prove a bigger challenge.

An internal audit found that the municipality's unconsolidated debt more than tripled since 2014, with new Mayor Ekrem Imamoglu expecting its outstanding liabilities to grow another 30% this year to as much as 35 billion liras ($6.1 billion). Given the wild swings in the lira, another vulnerability is the city's unhedged foreign debt, which accounts for 84% of the total, according to Fitch Ratings.

More:Erdogan's rivals won Istanbul. Now they have to stem its runaway debt. - Alton Telegraph