EXECUTIVE SUMMARY: The Turkish lira’s unprecedented slide, on top of soaring interest and inflation rates, record unemployment, and recession, is contributing to a looming economic collapse.
In the face of such gloom, President Erdoğan is offering his conservative supporters a new deal: I’ll give you more conservatism if you ignore the economic picture.
Read more: BESA, By* By Burak Bekdil: Will Erdoğan’s God Stop the Turkish Lira’s Slide?