Turkey has launched an investigation into the opposition leader and arrested more of his mayors in a escalating repression that is likely to boost investors’ concern about the risks pregnant with rule of law and political stability The Washington Post stresses in an article.

Prosecutors have begun the investigation into the president of the Republican People’s Party (CHP), Ozgur Ozel, late Sunday night, on his charge “Infringement of the President and the Threat of Public Officers” In a speech in which he criticized the detention of three opposition mayors, according to the state agency Anadolu.

The Turkish pound was weakened above the psychological level of £ 40 against the dollar for the first time by market turmoil in March. The Borsa Istanbul 100 stock index fell up to 1.7% and negotiated 1.3% lower at 4:58 pm Turkey and Greece.

Five -year Credit Default Swaps – CDS – used to compensate for state bankruptcy – increased by 7 basis pointsreaching 288 base points. Turkish government bonds were also weakened.

The uncertainty from investigations “It can mitigate the optimism of the market that has been triggered by the lowest of the expected inflation data last week,” said Tufan Tsomert, a strategic emergence of emerging markets at London’s BBVA consulting company.

Ozel has intensified his criticism of President Recep Tayyip Erdogan in recent days, accusing the government of orchestrating a “gradual coup”. The Chp leader called on Erdogan to call early elections in November, and warned of mass protests if judicial repression continued.

The new survey is the last in a months campaign that has already involved dozens of opposition officials and comes a few days after Ozel temporarily avoided a crisis at the top of his party.

Legal repression

The wave of arrests began earlier this year with the mayors of areas where the CHP defeated and has targeted more and more prominent personalities, including Istanbul Mayor Ekrem Imamoglou – Erdogan’s most enormous political opponent.

Repression has since expanded In addition to elected officials, including journalists, students, YouTubers, cartoonists, significant business leaders, and even companies. While many politicians are facing corruption charges, others are accused of “insulting the president”, Islam or national values, accusations often reinforced by pro -government media.

Erdogan and his supporters insist that justice acts independently. The opposition states that the arrests aim to silence the disagreement and overthrow the historical profits of CHP in last year’s municipal elections, which brought about a major blow to Erdogan’s ruling AK party.

Recent developments “reflect Erdogan’s calculated strategy to break up the CHP from the inside,” said Gulfango Paikoli, a co -chair of Teneo Counseling Company.

“Erdogan’s plan, from the beginning, seems to have been a gradual, perennial effort in which he believes that time – and institutional control – is on his side. Instead of accelerating the legal process, the strategy seems to be designed to extend uncertainty and weaken the impulse of the opposition, “he said on Sunday.

Legal pressure comes just when Turkey is trying to stabilize its economy under an Orthodox mix of policies and regain the confidence of global investors after years of turmoil in the market.

Imamoglou’s imprisonment in March led to a leaving foreign assets. The central bank also spent billions of dollars from its stocks to stabilize the pound and suspend its interest rates.

If the sales pressure in the pound prevails, the central bank may have to wait a little longer before repeating the relaxation cycle, said Matis, a senior currency strategic analyst at In Touch Capital Markets.

“While democratic standards are not at the top of the list of factors taken by most international investors, the growing efforts for Conservation of power often lead to outflows of capital. “