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Coup costs Turkey economy $100 billion: minister

The failed coup has impacted Turkey's tourist industry, already hit by a spate of attacks and a crisis with RussiaThe foiled coup attempt seeking to unseat the government of President Recep Tayyip Erdogan has cost the Turkish economy 300 billion lira ($100 billion/90 billion euro), the trade minister was quoted as saying on Tuesday. Customs and Commerce Minister Bulent Tufenkci was quoted as saying by the Hurriyet newspaper the heavy price tag may even go up but insisted that Turkey’s economic fundamentals were solid. “The putschists made Turkey seem like a third world country,” he fumed.

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