Foreign capital expected to flee Turkey; Erdogan's wrath may worsen situation

Ankara

FRESH from an election victory that secured his party's rule for four years, Prime Minister Ahmet Davutoglu in January assured investors in London that Turkey was a safe place for their cash. Four months later, he was forced to resign and two months on from that, F-16 fighter jets bombed parliament in a coup attempt.

Already embroiled in Syria's war, a conflict with the Kurds and beset by a string of terrorist attacks, Friday's failed plot to topple President Recep Tayyip Erdogan risks shattering what's left of Turkey's image as a stable country that can attract enough investment to finance one of the highest current account deficits among G-20 economies.