- Turkey’s President Tayyip Erdogan meets with his Serbian counterpart Aleksandar Vucic (not pictured) during a visit to Belgrade, Serbia, September 7, 2022. REUTERS/Marko Djurica
- LONDON, Feb 27 (Reuters Breakingviews) – Investors have shunned Turkey in recent years as President Tayyip Erdogan let inflation rip. The country’s relations with the West have deteriorated as he cosied up to Russia’s Vladimir Putin. He has also done too little to rein in carbon emissions. An opposition victory in upcoming elections, which is more likely after this month’s deadly earthquake, could change all that.
- Erdogan may yet retain power in presidential and parliamentary elections expected to be held in June. But the earthquake which struck southeast Turkey earlier this month, killing nearly 44,000 according to official figures, has damaged him. So consider the scenario where he loses.
Turkey’s Sovereign Fund Allots at Least $1 Billion to Boost Stock-Market Heavyweights
