Turkey’s Economic Vulnerability Exposed as Graft Divides
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Turkey’s Prime Minister Recep Tayyip Erdogan entered the last week of 2013 reeling from a corruption probe that has splintered his party and highlighted economic vulnerabilities as investors unload the nation’s risk.
Erdogan took the defense of his administration to the road over the weekend, addressing supporters at six election rallies and lashing out at prosecutors heading the graft investigation, which his Finance Minister Mehmet Simsek called a “soft coup.” Flyers for the ruling Justice and Development, or AK Party, say it’s in a “struggle for liberation” as it seeks a fourth term in power.