Turkey's president Erdogan has flatly rejected a loan program from the IMF and a bold hike in interest rates. But Erdal Yalcin of the Konstanz University of Applied Science told DW these are the only steps for Turkey to overcome its crisis.
The ruling AKP's loss in Istanbul's local elections was the worst political defeat Turkey's president has ever suffered, and it could be symbolic of a deeper crisis. Is this the beginning of the end of the Erdogan era?
For years on end, Turkey has been able to log astonishing growth rates. But economists are now sounding the alarm bells, saying that political uncertainties are not the only cause for concern in the coming months.
Turkish President Recep Erdogan takes potshots at financial markets, rating agencies and even his own central bank. Is it all just part of his election campaign theater — or is the economy really running out of steam?
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