Inside Turkish Central Banker Downfall That Was Months in Making
- Erkan’s shock departure follows rift with finance chief Simsek
- Governor said she quit to protect family after smear campaign
Turkish central bankers long played to an audience of one.
When it came to Hafize Gaye Erkan, President Recep Tayyip Erdogan’s trust hardly wavered until the very end. But by then, what proved her undoing was that she’d lost the confidence of other heavyweights like Finance Minister Mehmet Simsek who were on a mission to give the nearly $1.1 trillion economy a facelift.
