Privatization – hardly business as usual
The earthquake on August 17 in Turkey’s most populous and industrial region was perhaps more predictable than some of the country’s recent political and economic upheavals. Seismologists had estimated that there was a 12% chance of an earthquake occurring south of Istanbul in the 30 years from 1996 to 2026.
That didn’t diminish the shock which caused extensive damage in the provinces bordering the Sea of Marmara, including Istanbul and Izmit.
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