After 15 years in power as prime minister and president, Recep Tayyip Erdogan’s Turkey finds itself in crisis today, as an indebted country with a growth model that was fueled by “cheap money,” a recent report suggests.
Turkey's central bank announced in August a series of measures to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies. (AP)
An exchange office worker counts Turkish lira banknotes in Istanbul on June 8, 2015. Turkish shares fell over 6 percent in morning trade and the lira plunged to a new record low against the dollar, as investors took fright at new political uncertainty following legislative elections. AFP PHOTO / OZAN KOSE