"After the storm
Aug 7th 2008 | ANKARA
The avoidance of a political collision has helped economic confidence. But without reform, it may be short lived
WHEN Turkey’s constitutional court stepped back from a threat to ban the ruling Justice and Development (AK) Party last month, businesspeople had more reasons than most to raise a cheer. The treasury’s borrowing rates promptly fell and the main stockmarket index rose by about 2%. Standard & Poor’s, the international credit-rating agency, revised its outlook for Turkey from “negative” to “stable”."
More:Turkey | After the storm | Economist.com
