Is Turko-German spring illusive?
Source:al Monitor Date:04Nov2018
Mortan noted that foreigners have fears over “the security of earnings” in Turkey. “The plan to nationalize 21% of Isbank shares alone is enough to scare them. There is no guarantee this would not be applied to other companies as well,” he said. He said the legislative decrees show Ankara could well resort to a suspension regime on issues concerning the laws of commerce, obligations and debt enforcement and bankruptcy. “In other words, a sword of Damocles is hanging over” the business world, he said.