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Erdogan's election lead leaves Turkey's opposition reeling and an economy on the brink

From cnbc.com

The result of the first round of Turkey’s presidential election was a blow to the opposition, who had high hopes of unseating President Recep Tayyip Erdogan after 20 years in power. Contender Kemal Kilicdaroglu, a soft-spoken, bookish 74-year-old, is running as the candidate for change, vowing economic reform, a reversal of Erdogan’s policies that many describe as autocratic, and closer ties with NATO and the West. Turkish opinion polls — released before Sunday’s vote — indicated a clear lead for Kilicdaroglu. But by Monday, after nearly all votes were counted, 69-year-old Erdogan finished solidly ahead with 49.5% of ... (full story)

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  • Category: Fundamental Analysis