Post by Metodi Tzanov
Helping finance professionals understand what is going on in Emerging and Frontier Markets
#TURKEY: IMM mayor Ekrem Imamoglu is detained amid corruption investigation š prosecutors accuse Imamoglu of corruption, criminal organisation and personal data misuse š authorities release Imamoglu from separate terrorism case without judicial controls š Imamoglu secures CHP presidential nomination with over 15mn votes despite obstacles š government withholds trustee appointment, possibly saving that measure for later š economic turmoil escalates, benchmark interest rates rise, CDS climbs, reserves deplete significantly š nationwide protests grow, we do not rule out possibility of state-of-emergency declaration #emergingmarkets #politics #Erdogan written by Umut Unal
