FUND CRISIS HITS MARKETS
The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
Analysis
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The Borsa Istanbul’s benchmark BIST 100 index entered a technical bear market at the end of September, marking its worst monthly performance since the 2008 global financial crisis.
When the AKP came to power it had to prove to the outside world that it was not an Islamist party. The way to convince Western capitals went through luring in Israel and the Jewish lobby. By 2008, the party had consolidated power internally and received a high degree of acceptance from the Western capitals, which led to overconfidence. When the Arab Spring began, the AKP did not have to hide its true ideological leaning. Convinced that the moment for political Islam had finally come, the AKPs ruling elites did not hide their ambition to lead Muslim Brotherhood to power in Middle Eastern countries.