In Erdogan Heartland, Lira Crisis Is Taking Toll on Businesses
‘Anatolian Tigers’ are roaring less these days
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Even in Recep Tayyip Erdogan’s electoral stronghold, businessmen like Halit Ozkaya can’t help but complain about the currency crisis the president instigated just weeks before elections.
The chairman of steel and copper cable maker Has Celik was forced to halt metal imports in May when Erdogan sent the lira into freefall by vowing to interfere in monetary policy if he wins on June 24. Now Ozkaya is worried Turkey is on the cusp of a debt crisis.