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

Turkey PM Said to Give Up as Erdogan Pressure Insurmountable


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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