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Jan 21, 2014

Turkish central bank seen shying from rate hike

ISTANBUL, Jan 21 (Reuters) – Turkey’s central bank finds
itself caught between economic reality and political pressure as
it meets to decide on interest rates on Tuesday, with most
economists expecting it to shy away from the decisive rate hike
investors are crying out for.

The bank faces heavy market pressure to raise rates and
defend a sliding lira but is fearful of restricting growth, with
a combative Prime Minister Tayyip Erdogan – already battling a
corruption scandal – bent on maintaining his reputation for
economic management ahead of elections this year.

Jan 16, 2014

Turkish prosecutors removed as judicial purge intensifies

ISTANBUL (Reuters) – Turkey’s government removed a series of high-profile prosecutors on Thursday stepping up a purge of a judiciary Prime Minister Tayyip Erdogan considers embroiled in a plot to undermine him with specious corruption allegations.

The actions hit at the heart of investigations made public on December 17 that have pitched Erdogan into one of the biggest crises of his 11 years in power. They came a day after the government tightened its grip on a panel that controls the appointment of all judges and prosecutors.

Jan 9, 2014

Turkish government brands corruption prosecutor as showman

ISTANBUL, Jan 9 (Reuters) – Turkey’s government derided a
high-profile prosecutor behind a damaging corruption
investigation as a showman on Thursday, after he accused Prime
Minister Tayyip Erdogan of threatening him and telling him to
halt the inquiry.

An opinion poll, the first since the corruption scandal
broke last month, showed Erdogan’s AK Party losing some support,
but still well ahead of any rivals.

Jan 7, 2014

Turkey predicts brief economic impact from graft probe

ISTANBUL (Reuters) – Hundreds of Turkish police officers were dismissed from their posts overnight and some moved to traffic duties, local media said, further undermining a graft investigation Prime Minister Tayyip Erdogan portrays as a covert attempt by a rival to usurp state power.

Erdogan, facing the biggest challenge of a ten-year rule that has seen the military banished from politics, the economy booming and Ankara pressing its influence in the Middle East, portrays the operation as a “dirty plot” by followers of a U.S.-based Islamic cleric. The cleric backs no political party but enjoys broad influence in the police and judiciary

Jan 7, 2014

Turkish graft scandal deepens with more arrests, police dismissals

ISTANBUL (Reuters) – Hundreds of Turkish police officers were dismissed from their posts overnight and some moved to traffic duties, local media said, further undermining a graft investigation Prime Minister Tayyip Erdogan portrays as a covert attempt by a rival to usurp state power.

Erdogan, facing the biggest challenge of a ten-year rule that has seen the military banished from politics, the economy booming and Ankara pressing its influence in the Middle East, portrays the operation as a “dirty plot” by followers of a U.S.-based Islamic cleric. The cleric backs no political party but enjoys broad influence in the police and judiciary

Jan 6, 2014

Turkey’s Erdogan moots retrial of military coup plots

ISTANBUL (Reuters) – Turkish Prime Minister Tayyip Erdogan has mooted the retrial of hundreds of army officers convicted of planning his overthrow, in an apparent attempt to discredit rivals he accuses of contriving a corruption crisis to drive him from office.

Erdogan’s Islamist-rooted AK Party is widely held to have relied heavily on U.S.-based Islamic cleric Fethullah Gulen’s influence in the police and judiciary in breaking the power of an army that carried out three coups between 1960 and 1980 and forced an Islamist-led government from power in 1997.

Jan 1, 2014

Erdogan rallies Turks to thwart ‘plot’ against nation’s success

ISTANBUL, Jan 1 (Reuters) – Prime Minister Tayyip Erdogan
urged Turks to rally around him in fighting what he termed a
dirty plot by foreign-backed elements targeting “the bread on
your table, the money in your pocket, the sweat of your brow”.

“History will not forgive those who have become mixed up in
this game,” Erdogan said in a televised end of year address
devoted almost entirely to a corruption investigation he says
has been engineered in police and judiciary to undermine his
government and sap its influence in the Middle East and beyond.

Dec 31, 2013

Turkish minister says fending off “mini-coup attempt”

ISTANBUL (Reuters) – Turkey’s government said on Tuesday it was fending off a “mini coup attempt” by elements in the police and judiciary who served the interests of foreign and domestic forces bent on humbling the country.

Deputy Prime Minister Ali Babacan said the ruling AK Party had in the past survived military coup plots and attempts in the courts to outlaw it. It would not now yield to a corruption investigation he said targeted the government but was already damaging the national economy.

Dec 18, 2013

Kurdish poet, singer seeks Western support for Kurds

ISTANBUL, Dec 18 (Reuters) – During the 1990s it was
dangerous in Turkey to sing or own recordings of the melancholic
songs of Kurdish poet and singer Sivan Perwer.

His army of fans in southeastern Kurdistan risked
prosecution listening to bootleg tapes of his melodies about
Kurdish identity, love and loss, often accompanied by a lute.

Dec 17, 2013

Turkey detains ministers’ sons, businessmen in graft probe

ISTANBUL (Reuters) – Turkish police detained sons of three ministers along with some prominent businessmen in a corruption inquiry on Tuesday, state officials said, in what was widely seen as a challenge to Prime Minister Tayyip Erdogan by a powerful Islamic cleric.

Police carried out dawn raids in the main commercial city Istanbul, detaining around 20 people including business figures close to Erdogan, and searched the headquarters of state-run Halkbank in the capital Ankara, state officials and banking sources said. Halkbank shares fell 13 percent.

    • About Daren

      "I am based in Istanbul where I cover a broad range of financial and general news. I joined Reuters in Ankara in 1996 and left Turkey to work in London in 2000. I returned to Istanbul in 2003."
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