July 27, 2021
Economy

Recep Tayyip Erdogan’s image and Turkey’s economy are both taking a battering

FOR A MOMENT, Turkey’s President Recep Tayyip Erdogan had reason to hope that the storm unleashed by Sedat Peker, an exiled mobster with a YouTube account and an axe to grind with Mr Erdogan’s government, would blow over. Mr Peker, who has taken to social media to sling accusations of corruption, drug- and arms-trafficking, and murder at senior members of the ruling Justice and Development (AK) party, announced on June 20th that he would temporarily stop uploading new videos. The mob leader, who is thought to be living in the United Arab Emirates, claimed local authorities had warned him he risked being assassinated.

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Mr Erdogan’s relief was short-lived. Only a day after Mr Peker’s revelation, America’s Department of Justice announced that police…

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