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Erdoğan scrambles to contain Turkey's $18bn stock market scandal
Original: Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal
Turkey's stock market scandal, valued at roughly $18bn, has reached President Recep Tayyip Erdoğan, who is moving to limit the political and financial fallout. The affair has shaken investor confidence in Turkish markets, and the president's intervention signals concern at the highest level of government about the damage to the country's economic reputation.
Why now: The scale of the losses and the president's direct involvement make the scandal a pressing political and market story.
Recep Tayyip ErdoğanTurkeyBorsa Istanbul
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- Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal · Financial Times
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