Türkiye to investigate the opposition leader to insult Tayyip Erdogan

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

Türkiye has launched an investigation into the leader of the main opposition party to insult President Recep Tayyip Erdogan in the last stage of the campaign, which raised the investor’s concerns about political instability and the government’s economic program.

The investigation, which can lead to the deprivation of the head of the People’s Republican Party (CHP) özgür özel, is the arrest of the EKREM ̇moğlu politician, who led to mass protests, the investor and the capital’s journey.

Turkish markets fell on Monday after the prosecutors launched the investigation late Sunday.

In the morning trading, the prominent stock market index fell 100 percent by 1.2 percent, after obtaining nearly 10 percent last week in a gathering that carries hopes for interest rates and postponed a separate case that could decide the fate of the Republican People’s Party, the oldest party in Türkiye.

The Turkish currency was briefly weakened from 40 pounds to the US dollar, while the cost of securing Turkish debt against virtual.

I was removed, who led active mass marches throughout the country since Emamoglu and discovered his criticism of Erdogan, who was charged with “insulting the president” and “insulting public employees”.

“Ozil has crossed the boundaries of political courtesy with threat and provocative data,” wrote the head of communications in Türkiye, Fortin Alton, on a social networking site on Monday. “Democracy has been strengthened … through the will of the nation and the foundations of the law.”

A spokesman for the Republican People’s Party, Deniz Yuzel, called for the latest “attempt to suppress freedom of expression and legitimate democratic policy.”

The investigation of Ozil-who accused Erdogan of leading the “Military Council” and said that his government launched a “creeping coup”-another escalation in a campaign that lasted for months to weaken the opposition and the opposition.

More than 120 people were detained last week in a major investigation of corruption in Izmir, the stronghold of the Republican People’s Party and the third largest city in Türkiye. This was followed on Saturday from three municipal mayors in the People’s Party, as well as on charges of corruption.

Four employees of the satirical journal LeMan were arrested last week after the publication of animated fees that seemed to show the Prophet Muhammad, whose filming represents a deep issue in Islam. The magazine denied these allegations.

In some cases, the authorities retracted the campaign, as happened last week when the case of the historic court that questioned the legitimacy of the CHP leadership was postponed to the fall.

“The government is very sensitive to how the economy is establishing.” “They are also consciously monitoring the campaign that the market makes, and are keen not to disturb the market.”

The government insists that the judiciary in the country is independent, but critics say that the campaign is an attempt to undermine the opposition after it has achieved gains in the municipal elections last year at the expense of the ruling AK party in Erdogan.

Most opinion polls show that the AK party is lagging behind CP, and most Turks show that investigations are unfair.

“The main opposition in Turkey scored a historic victory in the local elections for the year 2024 … Now, Erdogan is wearing these municipalities through the court rulings and imprisonment of the mayor of the People’s Republican Party,” said Jonol Tul Tulle, from the Middle East in Washington.

One of the government’s dangers, according to analysts, is that the campaign can undermine the investor’s confidence in the economic stability program, which in turn may lead to the prolongation of the cost of the living crisis in the country by making the central bank reduce prices.

“I think the government is making plans as it is going in full swing, seeing how it works on the ground, and if there is any common response,” said Burke Essen, Assistant Professor of Political Science at the University of Sabanbul in Istanbul. “These steps have the ability to reverse results. In some ways, they already have: for this reason interest rates have been high. But so far, the government has been able to stabilize the situation.”

Foreign reserves have partially regained the financial panic that was ignited by the arrest of Imamoglu, forcing the central bank to raise interest rates and burns through about 50 billion dollars. But the total foreign reserves are still less than $ 25 billion less than the highest level in its year about $ 175 billion.

Despite the low inflation, it operates by 35 percent, while the main policy of the central bank is 46 percent, which has damaged companies’ ability to finance themselves.