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- 1Erdoğan scrambles to contain Turkey's $18bn stock market scandal▼Erdoğan bids to contain fallout from Turkey’s $18bn stock market scandal
President Recep Tayyip Erdoğan is working to contain the political and market fallout from a stock market scandal in Turkey estimated at $18 billion. The affair has raised concerns about oversight of Turkish financial markets and shaken investor confidence, with attention focused on how the government responds and who will be held accountable for the losses.