As the markets garrotted the lira, Turkey’s president gave up on any idea he had of continuing to stand defiant against an interest rate hike. But if he is re-elected in late June, will the markets trust him to keep a rational hand on the helm?
Ruling GERB and opposition Socialists for once united over revival of controversial nuclear power station project and u-turn towards Russia.
The Istanbul Convention has angered conservatives in numerous Central and East European countries, whose antipathy to “gender ideology” has led to high-level political battles as governments that have signed up to the convention attempt to ratify it.
Net inflows into emerging markets have turned negative in the last month, although the sell off has not been as severe as earlier crisis-related routs.
Turkey's Kurds, set to contest Turkey's snap elections alone, could gift Erdogan's AKP a majority.