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Sala StampaTurkey PM Said to Give Up as Erdogan Pressure...

Turkey PM Said to Give Up as Erdogan Pressure Insurmountable

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Turkey Prime Minister Ahmet Davutoglu is expected to step down this month after losing a power struggle with President Recep Tayyip Erdogan that’s sent financial markets plunging.
The two leaders held a late-night summit on Wednesday, and neither issued an official statement after it finished. But a person familiar with the matter said Davutoglu’s AK Party will hold a leadership contest within about 15 days — and the premier won’t be a candidate. The person asked not to be identified because the decisions haven’t been made public. Turkey’s lira slid as much as 4.5 percent, its biggest decline since 2008.
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