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Erdogan States 14 May Will Be Date For General Election
President Recep Tayyip Erdogan has re-stated that the country's presidential and legislative elections will take place on 14 May, a month earlier than they needed to be. The outcome is one of the most uncertain in Turkish democratic history.
- Turkey's economic situation of high inflation and pressure on household finances would usually make the incumbent vulnerable.
- However, a pre-election public spending spree, a spat with Sweden over the potential extradition of Kurdish dissidents, and a divided and disorganised opposition could allow Erdogan to claim a third term in office.
- As noted in this morning's bullet (see 0818GMT EM bullet), the main opposition parties are set to meet on 26 January to discuss a joint presidential candidate. Agreeing on a joint figure that also has the support of the Kurdish minority interest People's Democratic Party seen as crucial if the opposition has any chance of ousting Erdogan.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.