The recent failed coup d'état in Turkey attempt has caused headaches for Turkish investors due to three immediate consequences from the event.
These reactions include increased U.S./E.U.-Turkey relations, heightened authoritarianism from Recep Erdogan, president of Turkey and increased uncertainty over Turkey’s future leadership structure.
U.S.-Turkish Tensions
According to Bloomberg, Erdogan accused a Muslim cleric by the name of Fethullah Gulen, living in Pennsylvania’s Pocono Mountains, for plotting the weekend’s military coup. Some Turkish officials even accused the United States of playing a role, according to Bloomberg’s Eli Lake.
The Erdogan administration “has been pressing the Obama administration for more than two years to extradite Gulen,” but has found no success said Lake.
According to the Huffington Post, ...
/www.benzinga.com/news/16/07/8228214/failed-turkish-coup-consequences-heightened-western-tensions-increased-authoritar alt=Failed Turkish Coup Consequences: Heightened Western Tensions, Increased Authoritarianism And 'Fleeing' Foreign Capital>Full story available on Benzinga.com
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