Erdogan’s Top Economic Adviser Takes Heat from Business
A controversial tax probe at Turkey’s largest business conglomerate adds to the woes of economy chief Ali Babacan.
The Turkish economy was long expected to enter a difficult period, like all developing economies, due to global factors. The troubles, however, are growing as Prime Minister Recep Tayyip Erdogan keeps hardening his attitude against the private sector over the Gezi Park protests.
Deputy Prime Minister Ali Babacan, who oversees the economy, has a proven record of sound economic management, illustrated by the hitherto positive results. But now he is up for a far harder task.
