Economics
Erdogan's Rivals Won Istanbul. Now They Have to Stem Its Runaway Debt
- New mayor Imamoglu sees debt pile rising another 30% this year
- Istanbul seems to have scarce means to repay its debt
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Turkey’s opposition twice took on President Recep Tayyip Erdogan’s political machine in Istanbul and won.
Dismantling what it calls a legacy of waste and runaway debt in the country’s biggest city might prove a bigger challenge.