Turkey: how Erdogan held on to power
On Sunday 24 June, Turkish voters were called to the polls by President Recep Erdogan to confirm his rule. With 52.6 percent of the total votes, Erdogan was re-elected as president of Turkey in the first round.
On Sunday 24 June, Turkish voters were called to the polls by President Recep Erdogan to confirm his rule. With 52.6 percent of the total votes, Erdogan was re-elected as president of Turkey in the first round.
Italy’s public debt stands at a staggering €2.3tn, or 132 percent of GDP: the third largest in the world after Japan and Greece. Furthermore, Italy’s banks hold the largest share of Europe's non-performing loans, totalling €224bn. Unlike Greece, which is a relatively small player in Europe, Italy has the third-largest economy in the Eurozone, contributing more than 15 percent of its overall GDP. Italy has now become a huge risk to the financial stability of the whole of the European Union.