Turkey’s president Recep Tayyip Erdogan
Most politicians would like banks to hand out more cash to businesses and voters, particularly at times of economic malaise. Fortunately, most have either too much sense or too little clout to force the issue.
One notable exception is Recep Tayyip Erdogan.
A firm believer in the virtues of cheap credit – and an equally vehement denier of any link between low interest rates and inflation – the Turkish president is also happy to use his vice-like grip on the levers of power to put his theories into practice.
Thanks for your interest in Euromoney!
To unlock this article:
