Turkish central bank Governor Erdem Basci’s attempt to buy himself time to boost the lira amid a corruption probe took a beating after a third minister resigned and urged Prime Minister Recep Tayyip Erdogan to do the same.
Prime Minister Recep Tayyip Erdogan came under pressure to resign today after a cabinet minister said the Turkish leader had approved some decisions under investigation in graft probes rocking the government.
Turkey may annex northern Cyprus if the divided Mediterranean island can’t resolve a four-decade split through United Nations-led reunification talks, a government official told the Turkish Cypriot Kibris newspaper.
The protesters who occupied central Istanbul and filled streets and squares nationwide in the past month have made it clear what they’re against: Recep Tayyip Erdogan’s government. The country’s main opposition party admits it has yet to offer them something to support.
Investors are driving up bond yields of Turkish companies as concern mounts that Prime Minister Recep Tayyip Erdogan will take action against some for their alleged complicity in the unrest that spread this month in the nation.