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Wednesday, June 12, 2013

Turkish economy depends on political stability

Turkish economy depends on political stability

LONDON | The escalation in the clashes between Turkey's government and protesters could hurt an economy that has become a source of growth and stability in a region hit by recession and unrest.

The protests started 12 days ago as a demonstration against plans to bulldoze and redevelop a park in central Istanbul. They weren't very different from the Occupy Wall Street protests in New York. But the authorities' heavy-handed use of tear gas and water cannons only fueled popular outrage among Turkey's secular middle class.

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