How Turkey turned from emerging star to economic mess

Ivana Kottasova, CNN
Published 6:16 AM EDT, Thu August 7, 2014
Turkish President-elect Recep Tayyip Erdogan and his wife, Emnine, cheer their supporters after the results of elections at the headquarters of Turkey's ruling Justice and Development Party (AKP) in Ankara on Sunday, August 10. Erdogan will become the country's first directly elected president by a wide margin of votes, according the semi-official Anadolu News Agency.
Turkey's presidential vote —
Turkish President-elect Recep Tayyip Erdogan and his wife, Emnine, cheer their supporters after the results of elections at the headquarters of Turkey's ruling Justice and Development Party (AKP) in Ankara on Sunday, August 10. Erdogan will become the country's first directly elected president by a wide margin of votes, according the semi-official Anadolu News Agency.
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Erdogan supporters celebrate his victory in front of the AKP party headquarters in Ankara on August 10.
Turkey's presidential vote —
Erdogan supporters celebrate his victory in front of the AKP party headquarters in Ankara on August 10.
ADEM ALTAN/AFP/Getty Images
Erdogan casts his vote at a polling station on August 10 in Istanbul.
Turkey's presidential vote —
Erdogan casts his vote at a polling station on August 10 in Istanbul.
Emilio Morenatti/AP
Erdogan shakes hands with cheering supporters outside an Istanbul polling station on August 10.
Turkey's presidential vote —
Erdogan shakes hands with cheering supporters outside an Istanbul polling station on August 10.
Emrah Gurel/AP
Ekmeleddin Ihsanoglu, the main opposition candidate, casts his vote at an Istanbul polling station on August 10.
Turkey's presidential vote —
Ekmeleddin Ihsanoglu, the main opposition candidate, casts his vote at an Istanbul polling station on August 10.
Emrah Gurel/AP
Erdogan addresses nomadic Turkish groups in Ankara on Wednesday, August 6.
Turkey's presidential vote —
Erdogan addresses nomadic Turkish groups in Ankara on Wednesday, August 6.
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People listen to presidential candidate Selahattin Demirtas, a member of Turkey's main pro-Kurdish party, from an unfinished building as he addresses his supporters in Van, Turkey, on Tuesday, August 5.
Turkey's presidential vote —
People listen to presidential candidate Selahattin Demirtas, a member of Turkey's main pro-Kurdish party, from an unfinished building as he addresses his supporters in Van, Turkey, on Tuesday, August 5.
HDP Sosyal Medya/AP
Supporters of Ekmeleddin Ihsanoglu, one of the leading opposition candidates for the presidential election, wave Turkish flags as they listen to him speak during a rally in Ankara on Monday, August 4.
Turkey's presidential vote —
Supporters of Ekmeleddin Ihsanoglu, one of the leading opposition candidates for the presidential election, wave Turkish flags as they listen to him speak during a rally in Ankara on Monday, August 4.
Burhan Ozbilici/AP
Erdogan supporters rally in Istanbul on Sunday, August 3.
Turkey's presidential vote —
Erdogan supporters rally in Istanbul on Sunday, August 3.
OZAN KOSE/AFP/Getty Images
A Turkish national in Nicosia, Cyprus, casts her vote Friday, August 1. Turkish citizens in other countries have been able to cast their votes early.
Turkey's presidential vote —
A Turkish national in Nicosia, Cyprus, casts her vote Friday, August 1. Turkish citizens in other countries have been able to cast their votes early.
Yiannis Kourtoglou/AFP/Getty Images
Election workers prepare polling booths Thursday, July 31, in Frankfurt, Germany, where members of Germany's Turkish community would cast their votes.
Turkey's presidential vote —
Election workers prepare polling booths Thursday, July 31, in Frankfurt, Germany, where members of Germany's Turkish community would cast their votes.
BORIS ROESSLER/AFP/Getty Images
Ihsanoglu greets supporters during an event in Istanbul on Wednesday, July 23.
Turkey's presidential vote —
Ihsanoglu greets supporters during an event in Istanbul on Wednesday, July 23.
OZAN KOSE/AFP/Getty Images
Demirtas speaks during a campaign rally Tuesday, July 15, in Istanbul.
Turkey's presidential vote —
Demirtas speaks during a campaign rally Tuesday, July 15, in Istanbul.
OZAN KOSE/AFP/Getty Images
Turkey's presidential vote