"The Turkish stock market bounced back 4.4 per cent on Tuesday morning after Monday’s 10.5 per cent collapse, the lira was steady against the dollar and the bond market strengthened, with the yield on two-year lira bonds falling 46 basis points to 6.32 per cent, after Monday’s surge.
But with so much uncertainty around, it’s far too early to talk about stabilisation. There were sporadic clashes overnight between protestors and riot police. Trade union leaders declared a two-day strike starting on Tuesday, which, if nothing else, gives plenty more people the opportunity to participate in the demonstrations.
So far, two protestors have died, one killed by a taxi and a second shot dead late on Monday.
A lot depends on prime minister Recep Tayyip Erdogan, who branded the demonstrators extremists before leaving on a three-day tour of north Africa. The protestors see the premier as the driving force in what they see as Turkey’s growing authoritarianism and creeping Islamisation."
'via Blog this'
No comments:
Post a Comment