Turkish Economy Depends On Political Stability
LONDON (AP) — The escalation in the clashes between Turkey's government and protesters could hurt one of the world's recent economic success stories, spelling uncertainty for a country that has become a source of growth and stability in a region hit by recession and unrest.
At first, the 12-day protests, which were sparked by plans to bulldoze and redevelop a park in central Istanbul but have widened to incorporate concerns over the government of Prime Minister Recep Tayyip Erdogan, were largely peaceful and limited in size and scope. They weren't very different from the Occupy Wall Street protests in New York.
However, clashes between riot police and the demonstrators on Tuesday have heightened tensions and raised fears that a key regional power could be destabilized. Water cannon and teargas were used against the hundreds of protestors in Taksim Square, Instanbul, many of whom have fled into a nearby park.
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