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Much money for less democracy

Turkey
02.08.2016
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Minister: Coup cost Turkey 100 billion dollars
The failed coup of July 15 has cost Turkey at least 300 billion lira (99.9 billion dollars) in damages, Customs and Trade Minister Bulent Tufenkci was quoted as saying in Hurriyet daily on Tuesday.
GALLERY
Istanbul (dpa) - The damages include destroyed buildings, military equipment, decline in orders abroad for goods and a drop in tourism, he told a gathering of Turkish reporters in Ankara.
Supporters of Recep Tayyip Erdogan shout slogans at the Taksim Square in Istanbul, Turkey, 16 July 2016. Turkish Prime Minister Yildirim reportedly said that the Turkish military was involved in an attempted coup detat.

The coup plotters had tried to create an image that Turkey is a "third world country," the minister said, noting photos of tanks on the streets during the night of the putsch attempt.

However, he also noted resilience in the local economy, including the quick reopening of the stock exchange.

The lira has also recovered some of its loses. During the peak of concern over the coup, the lira had dropped from about 2.87 to the dollar to 3.09. It is now trading at just below 3 to the dollar.

Standard and Poor‘s rating agency downgraded Turkey after the coup, citing concerns not only over the economy itself but also checks and balances.

Turkey is currently in the middle of a 90-day state of emergency.

 

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US President Donald Trump congratulated Turkish President Recep Tayyip Erdogan on Monday for his victory in a referendum expanding presidential powers, as the US State Department urged Turkey to abide by its constitution and international agreements. Washington
The failed coup of July 15 has cost Turkey at least 300 billion lira (99.9 billion dollars) in damages, Customs and Trade Minister Bulent Tufenkci was quoted as saying in Hurriyet daily on Tuesday. Istanbul (dpa) - The damages include destroyed
Turkish President Recep Tayyip Erdogan's retribution against this weekend‘s coup-plotters picked up pace Monday as his EU allies warned him not to go too far, matching talk of reintroducing the death penalty with threats to suspend the path to EU membership. Istanbul
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REISEPORTAL
: "For other places with the same name, see Turkey (disambiguation)." "Turkey" ("Türkiye") is on the Mediterranean, in the Anatolian region of West Asia, with a small section in Southeastern Europe separated
"Turkey" (), known ficially as the "Republic Turkey" (), is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace in the Balkan region southeastern Europe. Turkey is one the six
"Aksaray" is a city in the Central Anatolia region of Turkey and the capital district of Aksaray Province. According to 2000 census, population of the district is 236,560 of which 129,949 live in the city of Aksaray. The district covers an area of ,
"Pazar" is a town and district of Rize Province in the Black Sea region of Turkey, 37 km east of the city of Rize. tymologThe town was formerly named "Atina" (Αθήνα του Πόντου) and was renamed Pazar "market" in 1928.eographPazar is a
"Keskin" is a town and district of Kırıkkale Province in the Central Anatolia region of Turkey. According to 2000 census, population of the district is 59,150 of which 34,827 live in the town of Keskin.oteeference* xternal link* Category:Cities,
"Serinhisar" is a town and district of Denizli Province of Turkey. The altitude is 3195 ft.amOther names include "Karia" (in Latin) and "Kızılhisar" (literally "a red castle"). The latter is the name given by the Seljuk Turks as there were brick
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