Investors hope Turkey's election will give economic reformers more clout

Supporters of the Nationalist Movement Party (MHP), attend an election rally for Turkey's general election on November 1, in IstanbulBy Asli Kandemir ISTANBUL (Reuters) – Turkey’s two main parties may be campaigning for parliamentary polls on populist platforms such as higher wages and pensions, but investors hope whoever wins will instead revive the once-admired pace of growth and economic reform. The Nov. 1 election will be Turkey’s fourth in just over 18 months, a voting cycle that has fueled investor uncertainty and diverted the minds of economic policy makers away from tackling deep-seated challenges. The return as a ruling AK Party candidate of former deputy prime minister Ali Babacan and the presence of economy professor Selin Sayek Boke in the main opposition CHP reassure some.

Powered by WPeMatico

Related Posts

  • Enigmatic Turkish cleric poses challenge to Erdogan’s might16 December, 2013 Enigmatic Turkish cleric poses challenge to Erdogan’s might By Humeyra Pamuk ANKARA (Reuters) - Prime Minister Tayyip Erdogan has won three general elections, weathered summer riots, subdued a meddling army and changed Turkey like few leaders before him in a decade in power. The powerful network of Fethullah Gulen, who leads a worldwide Islamic […]
  • President starts talks on new PM in deadlocked Croatia26 November, 2015 President starts talks on new PM in deadlocked Croatia Croatia's president opened talks with parliamentary parties Thursday to try and name a prime minister-designate and end a political stalemate after an election 18 days ago failed to produce an outright winner. The lack of a decisive outcome has caused concerns among analysts, coming as a […]
  • Poland votes, conservative eurosceptic party looks set to win25 October, 2015 Poland votes, conservative eurosceptic party looks set to win By Justyna Pawlak and Pawel Florkiewicz WARSAW (Reuters) - Poles vote in an election on Sunday that could end nearly a decade of economic and political stability in the country of 38 million, bringing to power a conservative, eurosceptic party whose policies diverge from many of Poland's […]
  • Turkey rejects referendum challenges as activists detained19 April, 2017 Turkey rejects referendum challenges as activists detained Turkey's election authority on Wednesday rejected opposition requests to cancel a referendum that boosted President Recep Tayyip Erdogan's authority as police detained activists over street protests following the contested poll. The controversy has st...
  • Turkish opposition complains of 'illegal acts' in referendum16 April, 2017 Turkish opposition complains of 'illegal acts' in referendum The deputy chairman of Turkey's main opposition Republican People's Party (CHP) said illegal acts were being carried out in favor of the government in Sunday's referendum on expanding the powers of the presidency. "Many illegal acts are being carried ...