Expect Turkish business world to embrace former economy czar’s new party

Source:al Monitor Date:12Aug2019

Erdogan appears alarmed and already on the offensive. He has accused Babacan of “fracturing the ummah” and threatened that “those who commit treason will pay the price.” Despite the threats, however, economic actors and organizations unhappy with the country’s economic management have made contacts with Babacan, albeit very quietly. Babacan himself has remained tight-lipped, barring a July 8 written statement in which he announced his departure from the AKP and stressed that Turkey needed “a brand-new vision for the future.”