Mounting political prosecutions and municipal takeovers are eroding faith in Finance Minister Mehmet Şimşek’s reform agenda, deepening Turkey’s financial underperformance against its emerging-market peers, writes Bloomberg. Deep discounts, improving earnings outlook and CBRT pledges to stick to strong TL policy has now convinced EM Funds. Legal Storms Hit Opposition—and Markets A fresh wave of political … Continue reading Turkey Is Underperforming Emerging Markets Despite Reform Pledges