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Tuesday, December 03, 2013

Turkey’s credit card issue could become explosive - Al-Monitor: the Pulse of the Middle East

Turkey’s credit card issue could become explosive

ISTANBUL — When police arrested a man near the office of Turkish Prime Minister Recep Tayyip Erdogan in central Ankara last month, officers first thought they had caught a suicide bomber. It quickly turned out that the man, Tugrul Bayir, did not have a bomb with him, but his action was potentially explosive nonetheless. Bayir told police he wanted to stage a spectacular protest because of his credit card debt, which amounted to about $17,000. Like Bayir, millions of Turks are in the red, and many are sinking ever-deeper into debt.

More:Turkey’s credit card issue could become explosive - Al-Monitor: the Pulse of the Middle East