You can take the banana out of the republic, but you can never take the banana republic out of Turkey.
One day after we pointed out that Erdogan was resorting to ruthless authoritarian practices traditionally reserved for such EU nations as Romania, in which the Turkish dictator was preparing to block his top political challenger from competing against him…
first Romania, now Turkey
TURKEY VOIDS ERDOGAN RIVAL’S DEGREE, RISKING PRESIDENCY BID:HT
— zerohedge (@zerohedge) March 18, 2025
… Erdogan has done just and early Wednesday morning, Erdogan stunned markets when he arrested the popular mayor of Istanbul, Ekrem Imamoglu, 54, who is also the top contender for the presidency.
The detention of Imamoglu came a day after Turkish authorities revoked his university diploma in a move that could bar him from challenging Erdogan in the next presidential election. He beat Erdogan’s handpicked candidate in last year’s Istanbul mayoral race and was set on Sunday to be named the presidential candidate for the Republican People’s Party, the main opposition group known as the CHP.
The arrest ignited a historic selloff in the country’s markets, sparking a market-wide trading halt after…
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