A Politics and Econ Update

TURKEY - Report 12 Jul 2013 by Murat Ucer and Atilla Yesilada
Executive Summary Recent actions by PM Erdogan and AKP give the impression that the party has parted ways with reality. A chief proponent of the ‘High Rates Lobby’ has been appointed Chief Advisor to PM, while the authorities have begun to investigate financial transactions to find corroborators of the “Gezi Parki conspiracy”. AKP’s loud support of Moslem Brotherhood brought the relationship between Egypt and Turkey to the threshold of a crisis, as the brutal crackdown on Gezi Parki supporters simply attracted more people to the streets. AKP’s credit is running out and investors’ patience m...

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