In an Uncertain Global Economy, Turkey May Be the Most at Risk

The New York Times , Jul 10, 2018
by Peter S. Goodman

YENIKOY, Turkey — Looming like a fortress over the Black Sea, Istanbul’s new airport has been engineered to provoke awe, underscoring Turkey’s desire to reclaim its imperial glory.

The project is expected to cost nearly $12 billion and carve six runways across a swath of land as big as Manhattan. When completed in a decade, the complex is supposed to transport some 200 million people a year, dwarfing all rivals as the busiest airport on the planet.

But the airport has also become a symbol of a less savory aspect of Turkey’s modern-day incarnation: its reckless disregard for arithmetic and the independence of critical government institutions. Together, they have placed the nation at growing risk of sliding into a financial crisis.

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