As Turkey's government seeks to rally support by identifying culprits behind the unprecedented explosion of anger that erupted in recent weeks, one group has featured on almost every list: bankers. ... "These guys are insatiable," Erdogan told a meeting of mayors from his party on June 13, speaking about what he calls the rates lobby. He said that because of the drop in borrowing costs, 642 billion liras ($340 billion) has "stayed in the state's pockets, and this makes them uncomfortable." The lower interest burden has allowed Turkey to spend more on education, transportation and security, Erdogan said.

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