Ouster of Turkey’s highly-regarded prime minister strengthens Erdogan, shakes markets

Ouster of Turkey’s highly-regarded prime minister strengthens Erdogan, shakes markets

Special to WorldTribune.com Stripped of a large chunk of his authority, Turkish Prime Minister Ahmet Davutoglu on May 5 announced he would step down, boosting President Recep Tayyip Erdogan’s grip on power. The shock announcement, dubbed a “palace coup” by Erdogan’s opposition, unnerved Turkey’s financial markets, with the lira losing almost four percent its value […]