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Erdogan under pressure to resign as Turkey’s economy collapses

TURKEY’S deepening economic crisis led to calls for the government to resign today.

Peoples’ Democratic Party (HDP) co-chair Mithat Sancar called on other parties to join them in tabling a motion calling for an immediate general election should President Recep Tayyip Erdogan’s regime refuse to stand down.

“Our agenda is clear. We have evaluated the collapse that we have all been witnessing since today. 

“The country and the economy are collapsing. Not only the economy but also the social and political system is collapsing,” he said, following an emergency meeting of the party executive in Ankara.

Spontaneous protests took place in Istanbul, Ankara and other cities across Turkey on Tuesday night after the value of its currency plummeted to a record low at 13 Turkish lira to the US dollar, a fall of 40 per cent.

The decline of living standards in Turkey has been ameliorated by the government’s unorthodox fiscal policies, which have been branded “Erdonomics.”

Turkey’s bullish president insists he is winning “an economic war” by insisting on low interest rates, saying he was “pleased” after the central bank announced cuts for a third successive month on Monday.

“With the help of God and the support of our people, we will emerge victorious from this war of economic independence,” he said.

But Mr Erdogan is under intense pressure, with former prime minister and ex-chairman of his Justice and Development Party Ahmet Davutoglu saying: “This is no longer ignorance, this is treachery.”

Mr Sancar said that “people are getting poorer and poorer by the day,” and that the “one-man regime” and its policies have collapsed.

Further protests were expected after the Morning Star went to print.

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