Investors Nervous: Erdogan’s Witch Hunt Endangers Economy

“‘Umut Keles,’ a Turkish analyst with an American investment bank, removes the battery from his mobile phone, afraid of being wiretapped by the Turkish government. The investment banker believes that the government would take action against him if it knew his identity. ‘There’s a witch hunt underway here at the moment,’ he says. Levent is Turkey’s financial center, home to the offices of banks like HSBC and Deutsche Bank. They helped finance the Turkish economic boom in recent years, but now the government suspects them of supporting putschists and terrorists. ‘We’re all afraid,’ says Keles. Some of his colleagues are thinking about leaving the country for good.”

http://www.spiegel.de/international/business/erdogan-endangering-economy-with-financial-sector-witch-hunt-a-917370.html

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