Turkey on Course for Early Vote

Turkey seemed headed for early general elections after its top court annulled a parliamentary vote for a new president that has sparked a crisis between the Islamist-rooted government and the army. The AKP will seek an early election but the current outgoing president Ahmet Necdet Sezer’s mandate expires on May 16. He is a secularist who has opposed extension of Islamic ideas on the Turkish people. Analysts say early elections might help the AKP save face and demonstrate it will not back down to army and judicial views. The national currency, the Lire, gained 3% after the court ruling was made public. Investors fear election of an Islamic president might jeopardize five years of political stability claimed Saruhan Dogan, chief economist of Finansbank.
Information from Jordan Times

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