Turkey’s Prime Minister Recep Tayyip Erdogan accused the main opposition party of inciting weeks of protests and vowed to strengthen police in “every way” to fight a “conspiracy” by traitors and foreign agitators.
The lira advanced for a second day as central bank Governor Erdem Basci said he’d intervene to tame currency volatility and as calm returned to Istanbul this morning after a night of violence. Bond yields fell.
Turkey’s Deputy Prime Minister Bulent Arinc sought to defuse protests that entered a fifth day today, apologizing to victims of excessive police force and saying the government has learned some lessons.
Anti-government demonstrators clashed with police in several Turkish cities overnight and arrest warrants were issued for dozens of people charged with spreading false information on social media about the past week’s protests.
Turkish Prime Minister Recep Tayyip Erdogan vowed to press ahead with plans to develop Istanbul’s Taksim square, defying the crowds who fought police after a rally to save the area turned into an anti-government protest.
Thousands of demonstrators in Istanbul smashed and overturned police cars and other vehicles overnight, using the wreckage to scrawl graffiti or seek shelter as violent anti-government protests entered a fourth day.