The sudden resignation last week of Turkish finance minister Berat Albayrak came as a shock.

The cosseted son-in-law of President Recep Tayyip Erdogan had been considered unassailable by the scores of officials and business people he turned into bitter enemies. But the move highlights how Erdogan, whose power has grown exponentially since he ascended to the presidency in 2014, is so cocooned by courtiers that he is losing the ability to set coherent policy...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now