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Erdoğan scrambles to contain Turkey's $18bn market scandal
Original: Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal
Turkey's stock market has been hit by an $18bn scandal, prompting President Recep Tayyip Erdoğan to move to limit the political and economic damage. The affair has shaken investor confidence in Istanbul's markets and raised questions over oversight, with the government under pressure to explain how the losses occurred and reassure both domestic and foreign investors.
Why now: A major financial scandal in Turkey's stock market threatens investor confidence and carries political risk for Erdoğan's government.
Recep Tayyip ErdoğanTurkeyIstanbul stock marketFinancial Times
Evidence
- Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal · Financial Times
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