IslamicFinance.de

Speculation publicly expressed by President Recep Tayyip Erdo?an that Bank Asya doesn't have a sound structure and his obvious attempts to sink this bank constitute a crime under Turkish law, according to Selin Sayek Böke, the Republican People's Party (CHP) deputy chair in charge of the economy. Sharing her opinions about the current economic situation in Turkey, Böke stated that Turkey has further potential for growth, but its economy is currently in stagnation. She attributes this situation to structural problems. The current decline in the practice of democracy and the erosion of the rule of law will likely cause further trouble ahead, as investors are already unwilling to make big investments in a country with an increasingly authoritarian government and leaders.