No more excuses

TURKEY - Report 07 Apr 2024 by Murat Ucer and Atilla Yesilada

A week after the municipal elections, Turkey is still in shock, including her political class. While experts debate why AKP lost and CHP won, the first clues suggest that victory may be the beginning of a sea change, rather than a one-off incident.

President Erdogan seems aware of what has gone wrong -- and what’s at stake. He is very likely to launch a set of drastic measures to turn the tide. So far, the Treasury and Finance Minister Mehmet Simsek and the Economic Stabilization Program seem spared from his wrath, and it is more likely than not that Simsek will be given more authority. But, how much more exactly?

Now read on...

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