Erdogan Readies Debt Relief for Millions

“Turkish President Recep Tayyip Erdogan is preparing to announce what could be his costliest pre-election giveaway yet with a plan to offer debt relief to millions of people. Under the proposal, outlined Friday by the ruling AK Party, the government would erase interest payments accumulated by consumers up to the last day of 2022,” Bloomberg reports.

“It could also allow for an extensive restructuring of debts ranging from student loans and administrative fines to water bills.”