Erdogan’s Crackdown Could Drive Away Economy’s Saviors
By the Editors
June 09, 2013 6:00 PM EDT
Prime Minister Recep Tayyip Erdogan returned to Turkey last week little chastened by the protesters occupying the central squares of cities around the country. Judging by his demand that the “vandalism and utter lawlessness” end immediately, he may yet choose to crush them.
He can if he tries. In the process, though, he would badly damage the country’s economic prospects. We’re not just talking about the recent sharp fall on the Istanbul stock market and a bump of more than a percentage point in the yield on 10-year government bonds. These problems will pass.
More:Erdogan’s Crackdown Could Drive Away Economy’s Saviors - Bloomberg
