Türkiye’s opposition woes

If it gains power, Türkiye’s opposition would likely fragment, and its administration would raise risks of a major economic crisis, paving the way for an attempted return by Erdogan.

Commercial implications: The opposition, should it come to power, is unlikely to have a coherent economic policy. The civil service, judiciary and security services are likely to obstruct the opposition’s agenda if it won. Major policy changes, such as raising interest rates, would increase the risk of a banking crisis, as Turkish banks hold most Turkis…