A Political and Econ Update

TURKEY - Report 16 Jun 2016 by Murat Ucer and Atilla Yesilada

Because of pressing business affairs, we will not be able to issue a Weekly Tracker on Sunday. This note updates our readers on a few recent developments, in politics as well as in economics. Needless to say, we shall be back early next week…

First, the good news. It now appears that AKP’s presidential plans potentially involving a referendum or even snap elections might have been delayed to December, according to Presidential Advisor Mr. Mehmet Ucum. The Executive Presidency will probably be part of the new Constitution, which might also offer new rights to Kurdish citizens. It appears that AKP got tired of waiting for the dust to settle in the nationalist opposition party MHP (or finally grasped the fact that even if MHP were to split, none of the factions would support the Executive or party-affiliated Presidency idea) or that its own polls showed lackadaisical support levels. Readers need to be reminded that AKP is highly opportunistic and poll-driven, which means it might change its mind any day, but as things stand a major drive of political risk premiums has been delayed, but had not disappeared.

Now read on...

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