Turks.us Daily World EU News
   

Turkey: Market Taking Damage

InternationalThere seems to be no end in sight for the ongoing protests in key cities of Turkey. The latest sector to be hit by the growing unrest is the country’s market. Investors now doubt Turkey’s market as the possibility of the protests gripping the nation to continue indefinitely emerges.

The benchmark stock index of the country nosedived by more than 15 percent on May 22.

Frenzied selling was seen this week after PM Recep Tayyip Erdogan announced that he would push through the redevelopment plans for the Gezi Park in Istanbul. A plunge of more than 8 percent in
Thursday was reported for the Istanbul Stock Exchange National 100 Index.

The peaceful protest against the redevelopment of the beloved park quickly worsened to what is now being reported as an anti-government rally against Mr Erdogan and his party.

Analysts are now saying that “there are now no buyers” in the country’s market.

The Turkish lira weakened against the euro and the U.S. dollar after the yields on the country’s 10-year government bonds rose to as much as 8 percent on Thursday.

Many are now calling for the resignation of Mr Erdogan, further accusing his government of authoritarianism and forceful imposition of conservative Islamic values.

Turkey’s finance minister, however, is singing another tune as he asserts that the country “is doing just fine.”

The country’s economic activity prospered in Mr Erdogan’s rule but the success it gained in the past years are now being quickly substituted with dampened market performance as unrest rages on.

What's Related

Turkey: Market Taking Damage | 33 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Turkey: Market Taking Damage
Authored by: Chanessra onWednesday, May 06 2015 @ 10:01 AM MSK
This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more. blog post
Turkey: Market Taking Damage
Authored by: Chanessra onWednesday, May 06 2015 @ 03:44 PM MSK
Really appreciate this wonderful post that you have provided for us.Great site and a great topic as well i really get amazed to read this. best thing to say to a hot girl
Turkey: Market Taking Damage
Authored by: Chanessra onWednesday, May 06 2015 @ 06:56 PM MSK
This is such great information from you! I know that this topic that you've chosen to write is a little difficult to compile information on, still, you've managed to do a pretty damn good job on this. I hope you keep this up. http://www.rebelmouse.com/
Turkey: Market Taking Damage
Authored by: JaidenArjun onWednesday, May 06 2015 @ 07:09 PM MSK
I feel a great deal more consumers will need to look over the, really good advice!...... Fort Lauderdale DUI lawyer
halong tours
Authored by: steve7876 onThursday, May 07 2015 @ 08:28 AM MSK
Hi I found your site by mistake when i was searching yahoo for this acne issue, I must say your site is really helpful I also love the design, its amazing!.halong tours
Turkey: Market Taking Damage
Authored by: Chanessra onSaturday, May 09 2015 @ 01:20 PM MSK
I read this article. I think You put a lot of effort to create this article. I appreciate your work. http://www.textyourexbackforum.com/michael-fiore-text-your-ex-back-review-pdf-ebook-download
Turkey: Market Taking Damage
Authored by: Chanessra onSaturday, May 09 2015 @ 03:46 PM MSK
This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more. get your ex back tips
Turkey: Market Taking Damage
Authored by: JaidenArjun onSunday, May 10 2015 @ 01:24 PM MSK
This is certainly this newbie i actually click here. I uncovered lots of compelling information in the site, primarily it has the discourse. With the a pile of commentary against your reports, Maybe We're never alone owning many of the enjoyment listed here! Keep up to date great deliver the results. http://rebelmouse.com/jennyboltonboostyourbustreview
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 11 2015 @ 01:52 PM MSK
Your website is really cool and this is a great inspiring article. Thank you so much. how can i build my muscles at home
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 11 2015 @ 03:51 PM MSK
Great post! I am actually getting ready to across this information, is very helpful my friend. Also great blog here with all of the valuable information you have. Keep up the good work you are doing here. why do guys just stop calling
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 11 2015 @ 08:51 PM MSK
I read this article. I think You put a lot of effort to create this article. I appreciate your work. https://www.twitter.com/newspaper_cat/
Turkey: Market Taking Damage
Authored by: JaidenArjun onTuesday, May 12 2015 @ 02:56 PM MSK
I have to express, I actually assumed he did this a pretty helpful learn in regards to the following issue. Favored a fabric... linkedin
Turkey: Market Taking Damage
Authored by: JaidenArjun onTuesday, May 12 2015 @ 10:50 PM MSK
Thank you quite definitely because of this fantastic write-up; here is the stuff maintains myself experiencing out there these kinds of evening. Nutrition Malven East
Turkey: Market Taking Damage
Authored by: Traveler onThursday, May 14 2015 @ 10:47 PM MSK
I agree. Nice article. I will favorite it http://cordasevocal.com
Turkey: Market Taking Damage
Authored by: nolievip2 onFriday, May 15 2015 @ 11:53 PM MSK
Hello, sharing of information was very pleasant indeed. Moreover, the information was given to all the readers or the public. With the comprar dhea no brasil
Turkey: Market Taking Damage
Authored by: kim4lyf onSaturday, May 16 2015 @ 07:49 AM MSK
I found your blog extremely helpful! Much appreciated your effort for this... Home Addition Costs Orlando FL
Turkey: Market Taking Damage
Authored by: Chanessra onSaturday, May 16 2015 @ 10:58 AM MSK
I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people. visit poster's website
Turkey: Market Taking Damage
Authored by: Chanessra onSaturday, May 16 2015 @ 06:59 PM MSK
I really appreciate this wonderful post that you have provided for us. I assure this would be beneficial for most of the people. visit original source link
Turkey: Market Taking Damage
Authored by: Chanessra onSunday, May 17 2015 @ 10:33 AM MSK
Easily, the article is actually the best topic on this registry related issue. I fit in with your conclusions and will eagerly look forward to your next updates. words to say to a girl to make her your girlfriend
Turkey: Market Taking Damage
Authored by: Chanessra onSunday, May 17 2015 @ 01:19 PM MSK
Easily, the article is actually the best topic on this registry related issue. I fit in with your conclusions and will eagerly look forward to your next updates. www.textmate2.org
Turkey: Market Taking Damage
Authored by: Chanessra onSunday, May 17 2015 @ 06:42 PM MSK
great site, nice information, should be more sites like this, I found very nice info here. I am happy to find this website. como este
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 18 2015 @ 11:15 AM MSK
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post. ways to approach a hot girl
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 18 2015 @ 01:14 PM MSK
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post. RebelMouse
Turkey: Market Taking Damage
Authored by: Chanessra onMonday, May 18 2015 @ 05:44 PM MSK
You’ve got some interesting points in this article. I would have never considered any of these if I didn’t come across this. Thanks! king game gfas
Turkey: Market Taking Damage
Authored by: Chanessra onTuesday, May 19 2015 @ 08:38 AM MSK
I like to share this kind of information with my friends and hope they like it they why I do. best home remedy vitiligo
Turkey: Market Taking Damage
Authored by: Chanessra onTuesday, May 19 2015 @ 12:29 PM MSK
Thanks for sharing the post..parents are worlds best person in each lives of individual..they need or must succeed to sustain needs of the family. www.rebelmouse.com/bobbyriomagneticmessaging/
Turkey: Market Taking Damage
Authored by: zac1 onTuesday, May 19 2015 @ 04:21 PM MSK
This is just the information I am finding everywhere. Thanks for your blog, I just subscribe your blog. This is a nice blog.. girlfriend activation system explained
Turkey: Market Taking Damage
Authored by: JaidenArjun onFriday, May 22 2015 @ 02:56 PM MSK
Quite helpful article! You will find there's wide range of data below which can help just about any organization begin to do an excellent online community advertising campaign! surbiton dentists
Turkey: Market Taking Damage
Authored by: zac1 onSunday, May 24 2015 @ 03:54 PM MSK
What a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much. Slide Share
Turkey: Market Taking Damage
Authored by: jeparaonline onSunday, May 24 2015 @ 11:01 PM MSK
This is a great article, Thanks for giving me this information. Keep posting Mebel Jepara
Turkey: Market Taking Damage
Authored by: jeparaonline onSunday, May 24 2015 @ 11:28 PM MSK
This is a great article, Thanks for giving me this information. Keep posting Furniture Jepara
Turkey: Market Taking Damage
Authored by: jeparaonline onSunday, May 24 2015 @ 11:37 PM MSK
This is a great article, Thanks for giving me this information. Keep posting Kursi Tamu Jati
Turkey: Market Taking Damage
Authored by: JaidenArjun onMonday, May 25 2015 @ 02:51 PM MSK
This is exactly great novice document visit here. I stubled onto a great many exciting thing into your web page, most definitely the country's controversy. From quite a few suggestions upon your articles or reviews, I Now i'm not likely alone needing lots of the fun right! Preserve the wonderful succeed. www.rebelmouse.com/rebuildhairprogramreviews/