President Erdogan says Turkey needs to be run like a company

Turkey's President Erdogan spoke today, explaining that Turkey's government should be run "like a company", focused on being profitable and having successful operations.

Erdogan is looking to seize further control of monetary policy in Turkey after he wins a shoe-in re-election on June 24th, and the Turkish central bank had to raise their late cash rate by 300 basis points on Wednesday to stem the decline of the Lira against the US Dollar.

Erdogan is coming under fire for sentencing over a hundred people to death for taking part in a failed coup in Turkey.