The attempted putsch and the purge that followed will leave Turkey weaker for years to come.

The Turkish PM had extraordinarily ugly words for Israel, as riots nearly overran the Israeli embassy in Ankara. Turkish-Israeli relations are definitely back on the rocks.

A new recording purports to show Turkish Prime Minister Recep Tayyip Erdogan telling his son to hide millions of dollars stashed in his house. A host of conspiracy theories and scandals is now circling the PM, who is responding with wild theories of his own.

The Turkish lira took a tumble on Friday, hitting an all-time low against the dollar amidst rising concerns about the latest political turmoil to hit Erdoğan’s government. Turkey is losing its margin for error. The politics and the economics are both going wrong in a country that not all that long ago was seen as a model for the Middle East.

The Economist calls it “one of the most audacious challenges ever to the rule of Recep Tayyip Erdoğan, the Turkish prime minister.” In a police operation, a mayor, a construction typhoon, and the sons of three of Erdoğan’s cabinet ministers were arrested as part of a corruption probe. The juicy details were leaked to the press: “$4.5 million in cash packed in shoe boxes found in the home of the chief executive of a state-run bank; a money-counting machine and piles of bank notes discovered in the bedroom of a government minister’s son.”