1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites

Government Crisis in Turkey - How great is the economic damage?

04:01

This browser does not support the video element.

January 7, 2014

For many years Turkish Prime Minister Recep Tayyip Erdogan was considered a ray of hope. But now his government has been plunged into crisis. Some ministers have been forced to step down in the face of a deepening corruption scandal. Many entrepreneurs and foreign investors are worried about the country's future.

During the past few days, the Borsa Istanbul dropped by about ten percent. The Turkish lira is at a record low. If the corruption scandal becomes a national crisis, the economy could collapse. Until now, Turkey has been considered a stable and attractive market for many German companies as well.

Skip next section DW's Top Story

DW's Top Story

Skip next section More stories from DW