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Turkish Companies Join Banks Pressing Erdogan to Contain Turmoil

  • Largest business group, commerce chamber make joint statement
  • Tighter monetary, fiscal policies said needed shield economy

Turkey’s business lobbies and banks are pressing President Recep Tayyip Erdogan’s government and the central bank contain the damage of currency turmoil that’s threatening the economy.

Two key industry associations on Tuesday called on the government to cut spending, improve ties with the European Union and bring to an end the spat with the U.S. over the detention of an American pastor who’s been accused of aiding a failed 2016 coup.