''..Last year’s abortive coup and the ensuing state of emergency have
dealt a heavy blow to Turkey’s democracy. But the country’s free market
economy, too, has become a casualty of Erdoğan’s power grab, scaring
away new investors and branding Turkey “the crisis candidate” among emerging markets.
Erdoğan has so far ignored calls by his transatlantic allies to
respect political liberties — with no real cost to his power. If he
similarly dismisses the warning signs from global markets, this time the
consequences could be much worse, both for the Turkish economy and his
own reelection potential..''
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