(VOVworld) – An attempted coup conducted by a minority group in Turkey’s army on July 15 has been defeated. Although President Recep Tayyip Erdogan said he has taken control of the country, the coup will surely leave heavy consequences on Turkey’s politics, economics and society.

Turkey's failed military coup (Photo: Sputnik news)

The coup, where 250 people were killed and more than 1,400 people injured, occurred when Turkey is confronting the Kurds in southeast region and the IS threat. It shows increasing differences between part of military officials and President Erdogan. Right after the coup, Turkish authorities arrested nearly 3,000 suspects and ordered the arrest of 3,000 judges and prosecutors. Analysts say Turkey may fall in hunt downs to punish dissidents, triggering more violence and conflicts.  Blaize Misztal, Director for National Security at the Bipartisan Policy Center of the US, mentioned the worst scenario, in which Turkey would get bogged down in an interminable war for power. If this occurs, the IS will have a good opportunity to recruit more soldiers.

Economically, political instability with intensified terrorist attacks has strongly effected national growth. Early this year, as many as 240 companies needed government bailout.  Banks are facing bad credits with the rate of bad debts rising from 2.8% to 3.3% and the real figure is predicted to reach 6%. International investment banks like Commerzbank, JP Morgan and Morgan Stanley downgraded Turkey’s economic outlook. The failed coup immediately affects Turkey’s economy, including aviation and tourism. Turkey’s national flag carrier changed direction of tens of airplanes and canceled tens of other flights at Istanbul’s main airport on the day the coup happened. 

Russia’ airlines ceased their regular flights to Turkey on July 16. The US banned all flights from and to Turkey and advised American citizens not to travel there. The transport of oil through Bosphorus strait, an internationally-significant waterway located in north-western Turkey, was closed for hours. Foreign investors definitely reconsider their business expansion in the meantime.

Turkish inability will make it difficult for NATO because this country contributes a large force in the organization and serves as an important base of NATO in Europe. Analysts say after coup, Turkey can hardly be a safe haven for Syrian refugees, affecting the deal under which the EU provides money for Turkey to shelter the immigrants.

The 5^th coup within 60 years on July 15 has shocked a country with a population of 80 million and forced the government of President Edorgan to do more to overcome its negative effects.