The Only Turkish Leader Who Matters Is Defiant Over Market Rout

  • Erdogan’s scheduled apperaence Friday first since market rout
  • Turkey’s president rarely shuns public at heated times
Turkey at Climax Point on Lira, Says Saxo Bank's Hardy
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Rarely a day goes by without Turkish President Recep Tayyip Erdogan addressing his nation. His silence during this week’s market bloodbath was remarkable and so was his message when he finally resurfaced.

Speaking outside a mosque in Rize, his home province, the 64-year-old Erdogan told faithful followers not to panic, a quick aside before a 2 p.m. address that will be his first appearance in almost a week.