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Tuesday, April 09, 2019

Vanguard Outshines Bond Peers as Bearish Turkey Bet Pays Off - Bloomberg

When Betting Against Erdogan Is a Winning Trade
By Selcuk Gokoluk
April 9, 2019, 8:42 AM EDT Updated on April 9, 2019, 10:14 AM EDT

Fund bought lira put options as volatility dropped in March
Data shows fund outperformed 96% of peers over past month

By betting against the lira in the run-up to Turkish elections last month, Vanguard Asset Management netted one of the top returns among emerging-market bond funds. Money-manager Nick Eisinger sees no reason to switch from his bearish view.

More:Vanguard Outshines Bond Peers as Bearish Turkey Bet Pays Off - Bloomberg

Erdogan's Party Says It Will Seek Rerun of Vote in Istanbul - Bloomberg

Erdogan's Party Says It Will Seek Rerun of Vote in Istanbul
By Firat Kozok
and Selcan Hacaoglu
April 9, 2019, 4:02 AM EDT Updated on April 9, 2019, 8:12 AM EDT

Battle for control of Turkey’s largest city enters second week
Opposition had won mayor’s race for first time in 25 years

Turkey’s governing party will request a rerun of last month’s mayoral election in Istanbul, stoking concerns that the country’s democracy is fraying as President Recep Tayyip Erdogan refuses to concede defeat in the city where he built his political career.

More:Erdogan's Party Says It Will Seek Rerun of Vote in Istanbul - Bloomberg

What if Turkey squeezed the London lira market to death? - Reuters

What if Turkey squeezed the London lira market to death?
Marc Jones, Karin Strohecker

LONDON (Reuters) - Turkey’s authorities have shown over the past month they are capable of squeezing the life out of the $35 billion (26.75 billion pounds)-a-day London lira market - but the cost of killing it off completely would be high for country itself.

More:What if Turkey squeezed the London lira market to death? - Reuters

Turkish Prosecutor’s Document Suggests Turkey Spying on US Soil | Jewish & Israel News Algemeiner.com

Turkish Prosecutor’s Document Suggests Turkey Spying on US Soil
avatar by John Rossomando

A Turkish prosecution document obtained by the Investigative Project on Terrorism (IPT) could offer the first public documentation showing that Turkey is spying on people in the United States.

More:Turkish Prosecutor’s Document Suggests Turkey Spying on US Soil | Jewish & Israel News Algemeiner.com

Monday, April 08, 2019

Turkey Democracy Fear as Erdogan Seeks Istanbul Election Rerun - Bloomberg

Erdogan's Push for Another Istanbul Vote Fuels Democracy Concerns
By Selcan Hacaoglu
and Firat Kozok
April 8, 2019, 3:57 AM EDT Updated on April 8, 2019, 11:37 AM EDT

Ruling party is pushing election board to repeat vote in city
Opponents accuse him of interfering in democratic process

President Recep Tayyip Erdogan intensified his push for a rerun of last month’s election in Turkey’s biggest city, fueling concerns that an authoritarian streak in government is deepening and rattling investors in the Middle East’s leading economy.
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More:Turkey Democracy Fear as Erdogan Seeks Istanbul Election Rerun - Bloomberg

Erdogan Is Weak. And Invincible. | Council on Foreign Relations

Erdogan Is Weak. And Invincible.

Turkey’s president has rarely been so unpopular. He’s likely to dominate this week’s local elections anyway.

More:Erdogan Is Weak. And Invincible. | Council on Foreign Relations

Honda will stop car production in Turkey after 2021

Honda will stop car production in Turkey after 2021
8 April 2019 13:49 (UTC+04:00)
340

By Trend

Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on Monday, reports Trend with reference to Reuters.

More:Honda will stop car production in Turkey after 2021

Opinion | The Rise and Rise of the Turkish Right - The New York Times

The Rise and Rise of the Turkish Right

The opposition parties challenging President Recep Tayyip Erdogan offer another version of the right-wing nationalism of his party and its nationalist partner.

More:Opinion | The Rise and Rise of the Turkish Right - The New York Times

Opposition candidate victory confirmed in Ankara - Politics - ANSAMed.it

Opposition candidate victory confirmed in Ankara

After partial recount obtained by Erdogan's AKP

ISTANBUL, APRIL 8 - The contested mayoral election in Ankara officially closed on Monday in favour of CHP opposition candidate Mansur Yavas, following a partial recount of about 125,000 votes obtained by the AKP party of Turkish President Recep Tayyip Erdogan.

More:Opposition candidate victory confirmed in Ankara - Politics - ANSAMed.it

RPT-Erdogan's election setback dents hopes for big economic reforms in Turkey - Reuters

RPT-Erdogan's election setback dents hopes for big economic reforms in Turkey

Ali Kucukgocmen, Jonathan Spicer

ISTANBUL, April 8 (Reuters) - President Tayyip Erdogan’s losses in local elections have dented investors’ hopes that Turkey will adopt painful reforms they say are needed to stabilise the economy as he moves to shore up his political base.

More:RPT-Erdogan's election setback dents hopes for big economic reforms in Turkey - Reuters

Local election results will complicate Turkey’s security choices

Local election results will complicate Turkey’s security choices
Metin Gurcan April 8, 2019

Article Summary
Despite electoral losses suffered by the alliance led by President Recep Tayyip Erdogan, the nationalists in that alliance were able to improve their standing, which will surely affect Erdogan's future security choices.

More:Local election results will complicate Turkey’s security choices

Turkish Banks Sweat Under Rising Pile of Debt Restructurings - Bloomberg

Turkish Banks Sweat Under Rising Pile of Debt Restructurings
By Ercan Ersoy
and Fercan Yalinkilic
April 8, 2019, 12:00 AM EDT

Queue of companies seeking to renegotiate loans growing longer
Lenders under pressure as economy shrinks, boosting bad debts

More:Turkish Banks Sweat Under Rising Pile of Debt Restructurings - Bloomberg

Sunday, April 07, 2019

Erdogan’s ‘milestone on the road to the end’ | Claude Salhani | MEO

Erdogan’s ‘milestone on the road to the end’

The people are far more concerned with the foundering economy than putting the country on a path to becoming an Islamic republic, somewhat like Iran.

More:Erdogan’s ‘milestone on the road to the end’ | Claude Salhani | MEO

The Guardian view on Turkey and ErdoÄŸan: a weakened strongman | Editorial | Opinion | The Guardian

The Guardian view on Turkey and ErdoÄŸan: a weakened strongman Editorial

The Turkish president Recep Tayyip Erdogan arrives at a news conference in Istanbul ‘There is no doubt about the blow dealt to Recep Tayyip ErdoÄŸan, the country’s authoritarian president, after 16 years at the helm.’ Photograph: Bülent Kılıç/AFP/Getty Images Strongmen are not invincible. The stunning news that the Turkish opposition had surged to victory in local elections – as startling to the opposition itself as anyone – is on hold following objections from the ruling AKP. In the coming days, the final results will be announced. Legal proceedings are likely; a concerted media attack on the expression of the democratic will as a “coup at the ballot box”, under malign foreign influence, is already under way.

More:The Guardian view on Turkey and ErdoÄŸan: a weakened strongman | Editorial | Opinion | The Guardian

The Alevis Dilemma – Turkey’s Erdogan sets a religious minority on a collision course with Erdogan’s Turkey

The Alevis Dilemma – Turkey’s Erdogan sets a religious minority on a collision course with Erdogan’s Turkey
Published on April 7, 2019 by Norvell B. DeAtkine

A significant religious minority in Turkey, the Alevis, have become increasingly subject to President Erdogan’s populist ire, as they find themselves on a collision course with the Islamification and ‘Turkification’ of Turkey.

When I visited Antalya, Turkey, in the late 1990s, I was surprised by the amount of Syrian Arabic I heard on the streets. Antalya, the eighth-most populous city in Turkey, was suffused with a cascade of Syrian tourists at the time, coming across the border to enjoy the beautiful countryside of the Orontes River and Nur mountains. As I sat in the shade, looking at the young Syrian Arabs enjoying themselves on their first vacation abroad, I began to reminisce about one of my earliest trips to the area.

More:The Alevis Dilemma – Turkey’s Erdogan sets a religious minority on a collision course with Erdogan’s Turkey

Turkey once again faces onion shortage, extreme price rise | Ahval

Turkey once again faces onion shortage, extreme price rise

Onion prices on the Turkish market hiked up to nearly 10 Turkish liras per kg as the country faces onion shortage, Turkish newspaper Sözcü reported on Sunday.

Before the March 31 local election, Turkish authorities started selling cheap fruits and vegetables at food stalls in city squares. As of the election is over, the government carried food stalls into supermarkets.

More:Turkey once again faces onion shortage, extreme price rise | Ahval

Saturday, April 06, 2019

Turkey: the wondrous tale of democratic resilience | Green Left Weekly

Turkey: the wondrous tale of democratic resilience
Arash Azizi
April 7, 2019

An American historian, Hayden White, once made fame by claiming that historical accounts were essentially like novels, each with their own plot and structure. Whatever we think about White’s post-modern move, histories of early 21st-century Turkey are sure to read like thrillers with so many ups and downs.

More:Turkey: the wondrous tale of democratic resilience | Green Left Weekly

Spotlight: Turkey's election results remain in limbo as ruling party disputes opposition's victory in major cities - Xinhua | English.news.cn

Spotlight: Turkey's election results remain in limbo as ruling party disputes opposition's victory in major cities
Source: Xinhua| 2019-04-07 06:10:22|Editor: Mu Xuequan

ANKARA, April 6 (Xinhua) -- Turkey has so far not declared the final results of the local elections held on March 31 as the ruling party contested the slim victory by the opposition in the country's largest city Istanbul and the capital Ankara.

More:Spotlight: Turkey's election results remain in limbo as ruling party disputes opposition's victory in major cities - Xinhua | English.news.cn

Istanbul Candidate: Recount Could Bring ‘Dangerous’ Changes - New Delhi Times - India's Only International Newspaper

Istanbul Candidate: Recount Could Bring ‘Dangerous’ Changes
By New Delhi Times Bureau on April 6, 2019

“I am not worried about voting results,” said Ekrem Imamoglu, the opposition mayoral candidate in Istanbul. “I am worried about a system being poorly managed.” He spoke to VOA on Friday as elections officials conducted a recount of last Sunday’s vote.

More:Istanbul Candidate: Recount Could Bring ‘Dangerous’ Changes - New Delhi Times - India's Only International Newspaper

15 amazing ways to experience Turkey

15 amazing ways to experience Turkey

The country is so vast and varied, it truly has something for everyone, from rand-friendly family holidays to gourmet sailing to biking adventures

More:15 amazing ways to experience Turkey

i24NEWS - Erdogan's ruling AKP ready to accept election recount results

Erdogan's ruling AKP ready to accept election recount results

The AKP originally appealed saying it had found irregularities in tens of thousands of votes

Turkish President Recep Tayyip Erdogan's ruling AKP party will accept the results of local election recounts in Ankara and Istanbul no matter which party is declared the winner, according to a statement from a party spokesman on Saturday.

More:i24NEWS - Erdogan's ruling AKP ready to accept election recount results

One of Europe's Largest Airlines Is Changing Gates for Erdogan - Bloomberg

One of Europe's Largest Airlines Is Changing Gates for Erdogan By Ercan Ersoy April 6, 2019,

Turkish Airlines is packing up and moving its base to the new $11 billion Istanbul airport in a key test of President Recep Tayyip Erdogan’s splurge on infrastructure. The move -- a 45-hour sprint slated to end at midnight on Saturday -- is a massive undertaking, involving transporting more than 1,000 tons of equipment every hour from the 1950s-era Ataturk hub to the giant new airport, which occupies an area larger than Manhattan.

More:One of Europe's Largest Airlines Is Changing Gates for Erdogan - Bloomberg

Controversial recounts endanger Turkish electoral board’s integrity | Ahval

Controversial recounts endanger Turkish electoral board’s integrity

The local elections took place in Turkey last Sunday night, but thanks to persistent challenges by the ruling Justice and Development Party (AKP), the votes in key districts and municipalities have still not officially been tallied.

More:Controversial recounts endanger Turkish electoral board’s integrity | Ahval

Istanbul New Airport: First flight was to Ankara and a proud Turkish Nation is celebrating | Travel News | eTurboNews

Istanbul New Airport: First flight was to Ankara and a proud Turkish Nation is celebrating

By Juergen T Steinmetz - April 6, 2019 162 Share The Great Move to Istanbul Airport concluded. A proud city, a proud country and a proud airline are celebrating today in Turkey.

More:Istanbul New Airport: First flight was to Ankara and a proud Turkish Nation is celebrating | Travel News | eTurboNews

Erdogan embraced Trump’s politics to stay in power – has it finally failed him? – The Express Tribune Blog

Erdogan embraced Trump’s politics to stay in power – has it finally failed him?

By Darius Shahtahmasebi
Published: April 6, 2019

Turkish President Recep Tayyip Erdogan’s embrace of Donald Trump-era populist politics not only appears to be nearing its inevitable end, but apparently has done Erdogan no favours in the long run. In mid-July 2016, an attempted coup in Turkey carried out by a faction of Turkey’s armed forces led to what can only be described as a brutal crackdown, as Erdogan and his ruling Justice and Development Party (AKP) crushed any potential resistance with an iron fist that made even some of history’s former despots pale in comparison.

More:Erdogan embraced Trump’s politics to stay in power – has it finally failed him? – The Express Tribune Blog

Turkish central bank decreases credit card interest rates | Ahval

Turkish central bank decreases credit card interest rates

Turkish Central Bank announced on Friday that it had decreased the monthly maximum contractual interest rate for the credit card borrowings to 2.15 percent for the Turkish lira.

The bank revised the monthly maximum contractual interest rate for the credit card borrowings as 1.72 percent for foreign exchange transactions. It also set the monthly maximum overdue interest rate as 2.65 percent for the Turkish lira and 2.22 percent for foreign exchange transactions

More:Turkish central bank decreases credit card interest rates | Ahval

Turkey’s AKP fears losing financial power of Istanbul municipality - experts | Ahval

Turkey’s AKP fears losing financial power of Istanbul municipality - experts

Turkey’s ruling Justice and Development Party (AKP), which according to unofficial results lost mayoral races in key cities like Istanbul and Ankara on Sunday, challenges the results, as a defeat will mean losing enormous financial powers, Deutsche Welle Turkish said on Friday.

More:Turkey’s AKP fears losing financial power of Istanbul municipality - experts | Ahval

Friday, April 05, 2019

Turkey Unsettled – OpEd – Eurasia Review

Turkey Unsettled – OpEd
April 6, 2019 Neville Teller

By Neville Teller

Turkey held nationwide local elections on 31 March. The ruling AKP (Justice and Development Party) won more that 50 percent of votes overall, but lost control in the capital, Ankara, and in the nation’s commercial centre, Istanbul. They are contesting both sets of results.

MOre:Turkey Unsettled – OpEd – Eurasia Review

'This is Turkey!': Syrian refugees face the force of growing Turkish resentment | Middle East Eye

'This is Turkey!': Syrian refugees face the force of growing Turkish resentment

Violent riots break out in Istanbul as fears over job competition, crime and culture spark xenophobic backlash

More:'This is Turkey!': Syrian refugees face the force of growing Turkish resentment | Middle East Eye

Why Turkey's Opposition Shouldn't Underestimate Erdogan

Why Turkey's Opposition Shouldn't Underestimate Erdogan

By Sinan Ciddi

Turkey's main opposition party and its electoral partner pulled off a stunning upset of the governing Justice and Development Party (AKP) and its leader, President Recep Tayyip Erdogan, in local elections on March 31. Voters in Ankara, the capital, and Istanbul, Turkey's industrial and economic center, opted for candidates from the Republican People's Party (CHP) rather than support candidates from the party that has ruled them since 1994. CHP candidates also won in five other large cities, dealing a blow to Erdogan and the AKP on multiple fronts.

More:Why Turkey's Opposition Shouldn't Underestimate Erdogan

Turkey’s state-run news agency under fire for irregular poll coverage

Turkey’s state-run news agency under fire for irregular poll coverage

Nimet Kirac April 5, 2019

Article Summary

Turkey’s state-run Anadolu Agency is under fire for its bizarre coverage of the Istanbul mayoral race, during which the agency stopped reporting polling results when it became clear the opposition was bound for victory.

More:Turkey’s state-run news agency under fire for irregular poll coverage

Erdogan should seize the chance for change in Turkey

Erdogan should seize the chance for change in Turkey

By Soner Cagaptay

April 5, 2019 at 11:46 AM
Turkish President Recep Tayyip Erdogan speaks to the media after Friday prayers in Istanbul. (AP)

More:Erdogan should seize the chance for change in Turkey

Erdogan accuses US, Europe of 'meddling' after Turkey vote

Erdogan accuses US, Europe of 'meddling' after Turkey vote

President Recep Tayyip Erdogan on Friday accused the US and Europe of "meddling" in Turkey's affairs after statements from Western allies following his ruling party's challenge to local election results.

More:Erdogan accuses US, Europe of 'meddling' after Turkey vote

Istanbul mayoral front-runner retains lead during recount

Istanbul mayoral front-runner retains lead during recount

Ayla Jean Yackley
April 4, 2019

Article Summary

Ekrem Imamoglu, the opposition candidate for mayor, says it’s impossible for his opponent to overtake him, but supporters of the ruling party’s Binali Yildirim say their man will win if the recount is expanded.

More:Istanbul mayoral front-runner retains lead during recount

Thursday, April 04, 2019

Erdogan's hubris

Erdogan's hubris
Friday, 05 April 2019 | Pioneer

The Turkish President may have lost the local elections but he is still holding, for now

Coups, even if they are unsuccessful, tend to fatally weaken leaders in most parts of the world. The events of the evening of July 15, 2016, where a faction of the Turkish armed forces led an attempted coup against Recep Tayyip Erdogan, the President of Turkey, did not have such an impact. It strengthened Turkey’s leader as he used the coup as an excuse to act against his political rivals, particularly the followers of Fetullah Gulen, the leader of an Islamic sect whom Erdogan despises. Gulen’s continued presence in the United States is a major reason Erdogan, a leader of a NATO nation, has been gradually pivoting towards the Russians, all the while pursuing an aggressive policy against both American and Russian interests in Syria. He has leveraged his immense political strength at home to project himself as a new Ottoman Emperor, the leader of the Islamic world in a matter of speaking, particularly in his battles with Mohammed bin-Salman, the young crown Prince of Saud

More:Erdogan's hubris

Istanbul mayoral front-runner retains lead during recount

Istanbul mayoral front-runner retains lead during recount

Ayla Jean Yackley
April 4, 2019

Article Summary

Ekrem Imamoglu, the opposition candidate for mayor, says it’s impossible for his opponent to overtake him, but supporters of the ruling party’s Binali Yildirim say their man will win if the recount is expanded.

More:Istanbul mayoral front-runner retains lead during recount

Turkey needs a better PowerPoint | FT Alphaville

Turkey needs a better PowerPoint

By: Colby Smith

Just days before last weekend's all-important local elections, Turkish authorities took "extreme" measures to shore up the country's currency by squeezing short sellers. With the lira already having lost a third of its value against the dollar last year, and with annual inflation remaining stubbornly around 20 per cent, President Recep Tayyip Erdogan and his AKP party feared that any additional weakening could cost votes.

More:Turkey needs a better PowerPoint | FT Alphaville

Et tu Istanbul, then fall Erdogan: Why local election results spell hope for Turkey

Et tu Istanbul, then fall Erdogan: Why local election results spell hope for Turkey

As Turkey recounts the votes, President Erdogan and his Islamist party have been delivered a significant blow by citizens.

More:Et tu Istanbul, then fall Erdogan: Why local election results spell hope for Turkey

Erdogan’s Opponents Promise Scrutiny of Istanbul’s Books After Turkey Elections - The New York Times

Erdogan’s Opponents Promise Scrutiny of Istanbul’s Books After Turkey Elections

By Carlotta Gall

April 3, 2019

ISTANBUL — Even before the important election of Istanbul’s mayor has been settled, the opposition candidate, who claims to have won, is challenging President Recep Tayyip Erdogan by pressing ahead with his promise to have an independent audit of the city’s books.

More:Erdogan’s Opponents Promise Scrutiny of Istanbul’s Books After Turkey Elections - The New York Times

Could İmamoÄŸlu be Turkey’s next president? - BBC | Ahval

Could İmamoÄŸlu be Turkey’s next president? - BBC

Ekrem İmamoÄŸlu’s apparent victory in the race for Istanbul mayor has the potential to catapult him into contention for the presidency in Turkey’s next election in 2023, the BBC suggested in a report on Thursday.

More:Could İmamoÄŸlu be Turkey’s next president? - BBC | Ahval

Local election defeat bodes more foreign woes for Erdogan

Local election defeat bodes more foreign woes for Erdogan

READ IN: Türkçe Kadri Gursel April 4, 2019

Article Summary

The irreparable setback Turkey’s president suffered in the March 31 municipal polls, coupled with the country’s economic crisis, leaves him in a weaker position vis-a-vis Washington, Moscow and the European Union.

More:Local election defeat bodes more foreign woes for Erdogan

“A Great Moment for Democracy”: Erdogan’s AK Party Suffers Major Defeat in Local Turkish Elections | Democracy Now!

“A Great Moment for Democracy”: Erdogan’s AK Party Suffers Major Defeat in Local Turkish Elections

Turkish President Recep Tayyip Erdogan’s AK Party suffered major setbacks in local elections this weekend after dominating the country’s political system since 2003. The AK Party lost control in both of Turkey’s largest cities, Istanbul and Ankara, and is now disputing the results. Voters expressed frustration with Erdogan’s autocratic rule and are also facing soaring inflation and rising unemployment. Now the results are being disputed, and recounts are underway. “Whoever is criticizing Erdogan right now is held accountable for either terrorism charges or libel against the president,” says The New School professor Koray Caliskan, faculty fellow at the Heilbroner Center for Capitalism Studies at The New School who has been indicted 25 times in Turkey. “This is how he’s silencing dissent.”

More:“A Great Moment for Democracy”: Erdogan’s AK Party Suffers Major Defeat in Local Turkish Elections | Democracy Now!

Turkish Lira Collapse To Weigh On Vehicle Production

Turkish Lira Collapse To Weigh On Vehicle Production

Fitch Solutions / Autos / Turkey / Wed 03 Apr, 2019

We believe that the Turkish currency crisis will continue to have an adverse effect on the country’s vehicle production in 2019, as manufacturers will find it more difficult and expensive to import components and vehicle assembly kits.
Increasing borrowing costs and an elevated inflation rate will impact demand for new vehicles domestically as the ability by consumers and businesses to use loans to purchase vehicles erodes, slowing rates of vehicle sales growth in key Turkish export markets and leading to added strain.
Emerging Europe and the MENA regions both offer increasing

More:Turkish Lira Collapse To Weigh On Vehicle Production

ErdoÄŸan’s Four Challenges - Carnegie Europe - Carnegie Endowment for International Peace

ErdoÄŸan’s Four Challenges

Marc Pierini

Turkey’s president suffered a frustrating setback in local government elections as democratic resilience prevailed. Watch out for the impact on the economy, the rule of law, defense, and Syria.

More:ErdoÄŸan’s Four Challenges - Carnegie Europe - Carnegie Endowment for International Peace

Automotive in Turkey - Lexology

Automotive in Turkey

Turunç Turunç
Turkey April 4 2019

The automotive industry is one of the most significant drivers of Turkish industrial production. With 14 producers - most operating under licence or as joint ventures - over 70 research and development centres, three automotive design and engineering centres, and a production capacity of over two million vehicles per year, Turkey is the 14th largest producer of motor vehicles in the world and the fifth largest in Europe, having grown steadily over the past decade. In terms of actual production, Turkey produced 1,142,906 cars and 606,666 commercial vehicles in 2017 for a total of 1,749,572 vehicles, of which 1,346,075 were exported.

More:Automotive in Turkey - Lexology

Imamoglu’s battle to lead Istanbul energises Turkey’s opposition | Financial Times

Imamoglu’s battle to lead Istanbul energises Turkey’s opposition

Mayoral contender has shown that ruling elite can be challenged in country’s biggest city

More:Imamoglu’s battle to lead Istanbul energises Turkey’s opposition | Financial Times

Wednesday, April 03, 2019

Daylight in Turkey?

Daylight in Turkey?

By
Max Zirngast
Güney Işıkara
Alp KayserilioÄŸlu

Recep Tayyip ErdoÄŸan’s party lost significant ground in Sunday's Turkish elections. That doesn’t mean the slide toward fascism is over — but there’s a bigger opening for democratic and socialist forces than there’s been in years.

More:Daylight in Turkey?

Big move to Istanbul Airport set to start Friday – Middle East Monitor

Big move to Istanbul Airport set to start Friday

The big switch from Ataturk Airport to the new mega-Istanbul Airport will start early Friday morning, Turkey’s transport and infrastructure minister said on Wednesday, Anadolu reports. Starting on April 5 at 3.00 a.m. local time (00:00GMT), the initial moving operation will take a total of 45 hours, Cahit Turhan told at a news conference in Istanbul.

More:Big move to Istanbul Airport set to start Friday – Middle East Monitor

Election in Turkey: How long can Erdogan? View | KXan 36 Daily News

Election in Turkey: How long can Erdogan?

View By Adrian McDonald - April 3, 2019 84 0

The Turks have punished Recep Erdogan (65) in the major cities. In the municipal elections on Sunday, his ACP lost in the capital Ankara as well as in the tourist centre of Antalya. Especially in Istanbul, where Erdogan in 1994, launched his political career, gave the Turkish President just hate to be beaten. On Monday, he acknowledged the defeat.

More:Election in Turkey: How long can Erdogan? View | KXan 36 Daily News

Turkey tensions sour NATO's 70th birthday

Turkey tensions sour NATO's 70th birthday

Date created : 03/04/2019 - 19:00

Washington (AFP)

Turkey on Wednesday insisted that it will buy a missile system from Russia, striking a note of disunity as the NATO alliance opened a 70th birthday party in Washington.

More:Turkey tensions sour NATO's 70th birthday

Don't Let Erdogan Steal the Election and End Turkish Democracy | Newsmax.com

Don't Let Erdogan Steal the Election and End Turkish Democracy
president recep tayyip erdogan of turkey

By Eli Lake, Bloomberg Opinion
Wednesday, 03 April 2019 12:34 PM Current | Bio | Archive

The U.S. and Europe cannot allow Turkey’s president to annul the results of votes in Ankara and Istanbul.

Turkey’s elections on Sunday were a political earthquake for President Recep Tayyip Erdogan and his Islamist coalition.

More:Don't Let Erdogan Steal the Election and End Turkish Democracy | Newsmax.com

Local elections in Turkey: Erdogan's allure is fading - Qantara.de

Erdogan's allure is fading

Because he completely dominated the poll, the Turkish President will be finding it even harder to swallow his party's defeats in Ankara and Istanbul. The loss of Turkey's two biggest cities shows that in the midst of an economic crisis, more Turks want solid solutions instead of bluster and grandstanding aimed at polarising the electorate. By Ulrich von Schwerin

More:Local elections in Turkey: Erdogan's allure is fading - Qantara.de

In Turkey vote, ruling party’s recipe for trouble: too much ErdoÄŸan

In Turkey vote, ruling party’s recipe for trouble: too much ErdoÄŸan

When the Turkish electrician, a longtime supporter of President Recep Tayyip ErdoÄŸan’s party, backed the opposition Sunday in Istanbul, his vote was cast without joy, and with little expectation of change.

More:In Turkey vote, ruling party’s recipe for trouble: too much ErdoÄŸan

Opinion: The beginning of the end for the Erdogan era | Opinion | DW | 01.04.2019

Opinion: The beginning of the end for the Erdogan era

Official results still aren't in for Istanbul, but Turkish President Recep Tayyip Erdogan's AKP suffered drastic losses in many other important cities. The strongman's future looks weak indeed, Erkan Arikan writes.

More:Opinion: The beginning of the end for the Erdogan era | Opinion | DW | 01.04.2019

Watershed moment in Turkey: The Statesman, Asia News & Top Stories - The Straits Times

Watershed moment in Turkey: The Statesman

In its editorial, the paper says that the ruling Justice and Development Party's (AKP) loss in Sunday's mayoral elections is a result of voter unhappiness with President Recep Tayyip Erdogan's handling of Turkey's recession.

More:Watershed moment in Turkey: The Statesman, Asia News & Top Stories - The Straits Times

Can Turkey’s ErdoÄŸan accept defeat? - Politico | Ahval

Can Turkey’s ErdoÄŸan accept defeat? - Politico

Turkey’s opposition is wondering whether President Recep Tayyip ErdoÄŸan can accept defeat days after celebrating taking the country’s two largest cities from his ruling party in Sunday’s local elections, U.S. news site Politico reported on Tuesday.

More:Can Turkey’s ErdoÄŸan accept defeat? - Politico | Ahval

Turkey Local Election Recap | Geopolitical Monitor

Turkey Local Election Recap Situation Reports - April 3, 2019 By Geopolitical Monitor

The preliminary results are in for Turkey’s local elections, and at first glance they don’t look good for the ruling Justice and Development Party (AKP). In the capital of Ankara, the Republican People’s Party (CHP) candidate took 50.9 percent of the vote, over the AKP’s 47.2 percent. In Istanbul – where President Erdogan served as mayor from 1994-1998 – the margin was much closer, with the CHP candidate taking 48.8 percent to the AKP’s 48.5 percent. In Izmir, the country’s third-largest city, the opposition CHP ran away with it, taking 58 percent to the AKP’s 38.5 percent. Though the results aren’t favorable for the AKP in the three largest cities, nation-wide its alliance pulled 51.6% of the vote, which suggests sustained support even in these trying times for the Turkish economy.

More:Turkey Local Election Recap | Geopolitical Monitor

Turkish Elections: Do Not Allow Erdogan to Annul the Results - Bloomberg

Don’t Let Erdogan Steal the Election

The U.S. and Europe cannot allow Turkey’s president to annul the results of votes in Ankara and Istanbul.

More:Turkish Elections: Do Not Allow Erdogan to Annul the Results - Bloomberg

Suddenly Inflation Isn't Turkish Central Bank's Only Worry - Bloomberg

Suddenly Inflation Isn't Turkish Central Bank's Only Worry
By Cagan Koc
April 2, 2019, 11:15 AM EDT Updated on April 3, 2019, 3:18 AM EDT

It took an upheaval in the currency to shift the Turkish central bank’s focus away from inflation.

With annual price growth stalling at just under 20 percent, it may not dictate policy again until calm returns to financial markets roiled last week by close-fought municipal elections. Data on Wednesday showed annual inflation at 19.71 percent in March, little changed from February.

More:Suddenly Inflation Isn't Turkish Central Bank's Only Worry - Bloomberg

Pompeo needs to address Turkey's descent towards authoritarianism with foreign minister | TheHill

Pompeo needs to address Turkey's descent towards authoritarianism with foreign minister

By Sarah H. Cleveland

When Turkey’s foreign minister Mevlüt ÇavuÅŸoÄŸlu meets U.S. Secretary of State Mike Pompeo in Washington today, they will have plenty to talk about: Syria and the Middle East, Turkey’s plans to buy a Russian air-defense system, the murder of Jamal Khashoggi, and the European refugee crisis, among others.

More:Pompeo needs to address Turkey's descent towards authoritarianism with foreign minister | TheHill

Turkish opposition demands mandate as Istanbul recount continues | Reuters

Turkish opposition demands mandate as Istanbul recount continues
Ece Toksabay, Tuvan Gumrukcu

ANKARA (Reuters) - Turkey’s main opposition candidate in Istanbul urged the High Election Board (YSK) on Wednesday to confirm him as the elected mayor after it ruled in favor of a partial recount of votes in eight of the city’s 39 districts.

More:Turkish opposition demands mandate as Istanbul recount continues | Reuters

Tuesday, April 02, 2019

President Erdogan’s biggest enemy is Turkey’s failing economy – not Ekrem Imamoglu | The Independent

President Erdogan’s biggest enemy is Turkey’s failing economy – not Ekrem Imamoglu

Turkey’s president will not be able to exert his hold on power while the economy collapses all around him. It has proved a more lethal threat to his party’s authority than the war in Syria or the threat from Isis

More:President Erdogan’s biggest enemy is Turkey’s failing economy – not Ekrem Imamoglu | The Independent

Opinion | A Wake-Up Call for President Erdogan - The New York Times

A Wake-Up Call for President Erdogan

In local Turkish elections, the opposition, united and organized, took on an autocrat.

Just when it seemed that democracy was all but dead in Turkey, voters delivered a sharp electoral rebuke to their authoritarian president, Recep Tayyip Erdogan. Unofficial results in municipal elections over the weekend show that Mr. Erdogan and his Justice and Development Party lost control of Ankara, the capital, and Istanbul, the financial center and launching pad for Mr. Erdogan’s political career.

More:Opinion | A Wake-Up Call for President Erdogan - The New York Times

Watershed in Turkey

Watershed in Turkey: Watershed in Turkey

As it turns out, for the first time in 25 years, Ankara has now gone out of the control of Islamist parties with the secularist victory.

Local elections anywhere in the world are scarcely of much international interest. Not so, however, Sunday’s tryst with democracy in the quangos of Turkey. The outcome is bathed in pregnant symbolism as President Recep Tayyip Erdogan’s grip has been challenged fair and square. Specifically, the ruling Justice and Development Party (AKP) has lost control of the capital city of Ankara and the no less crucial Istanbul ~ historical cities both, and now with enormous contemporary significance. The main opposition, the secular R

Erdogan At a Crossroad - The Globalist

Erdogan At a Crossroad

Losing Ankara and Istanbul is a significant defeat for Turkey’s President.
By Aykan Erdemir, April 2, 2019

Turkey’s opposition secured key victories in Sunday’s municipal elections -- winning back the mayorships of Ankara and Istanbul for the first time in 25 years.
Thanks to Erdogan’s use of government power to tilt the playing field, last Sunday’s elections were neither fair nor fully free.
Losing Ankara and Istanbul is a significant defeat for Recep Tayyip Erdogan.
Erdogan repeatedly said in his campaign “whoever wins Istanbul, wins Turkey.” Those are political fighting words that may now come to haunt him.

Turkey’s battered opposition secured key victories in Sunday’s municipal elections, winning back the mayorships of Ankara and Istanbul for the first time in 25 years.

More:Erdogan At a Crossroad - The Globalist

A Rebuke for Turkey’s Strongman - WSJ

A Rebuke for Turkey’s Strongman

Erdogan’s party suffers its worst setback since it came to power in 2002.

By The Editorial Page April 2, 2019 7:22 p.m. ET After President Recep Tayyip ErdoÄŸan easily won re-election amid a currency and debt crisis last year, it seemed nothing could loosen his grip on Turkish politics. The results of Sunday’s local elections are welcome evidence that the strongman isn’t invincible.

More:A Rebuke for Turkey’s Strongman - WSJ

bne IntelliNews - Turkish poll results delayed with Erdogan’s air of invincibility on the line

Turkish poll results delayed with Erdogan’s air of invincibility on the line

April 2, 2019 With the air of invincibility surrounding Turkish President Recep Tayyip Erdogan threatening to dissolve after his Justice and Development Party’s (AKP’s) apparent loss of both Ankara and Istanbul as well as other major cities in the March 31 local elections, officials announced that they had pushed back the release of the official results of the polls until next week.
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bne IntelliNews - Turkish poll results delayed with Erdogan’s air of invincibility on the line

Turks finally start standing up to Erdogan

Turks finally start standing up to Erdogan

By Benny Avni

April 2, 2019 | 8:00pm | Updated

Turkish voters punished their ruling party in municipal elections over the weekend. That could be a good omen for America — unless the strategically crucial country has already drifted too far from Washington.

More:Turks finally start standing up to Erdogan

How will Erdogan respond to Turkish voters' rebuke of hie strongman style? - Connecticut Post

How will Erdogan respond to Turkish voters' rebuke of hie strongman style?

The Washington Post Published 11:47 pm EDT, Monday, April 1, 2019

Turkish President Recep Tayyip Erdogan turned Sunday's local elections into a referendum on his increasingly authoritarian leadership. He feverishly barnstormed the country, attempting to rally his base with claims that Turkey's existence as a nation was at stake. He even played videos of the recent massacre of Muslim worshipers in New Zealand. Fortunately, the result was a decisive rebuff. According to results reported Monday, Erdogan's party lost the mayorships of Turkey's two most important cities, Ankara and Istanbul, for the first time in a quarter-century, along with city halls in almost every other large city.

More:How will Erdogan respond to Turkish voters' rebuke of hie strongman style? - Connecticut Post

In Turkey, ErdoÄŸan and his AKP stumble

In Turkey, ErdoÄŸan and his AKP stumble
Kemal KiriÅŸci and Kutay Onayli
Tuesday, April 2, 2019

Turkey’s local elections on Sunday, following a period of
intensifying volatility in the country’s economy, produced shocking results. President Recep Tayyip ErdoÄŸan—who had framed the elections as a referendum on his rule—together with his Nationalist Movement Party (MHP) electoral partner received a whopping 51.6

More:In Turkey, ErdoÄŸan and his AKP stumble

The Writing on the Wall - Sigma Turkey

The Writing on the Wall Posted

by Robert Ellis | Apr 2, 2019

The writing on the wall is now so clear that even Turkey’s president Recep Tayyip ErdoÄŸan can read it. In the Book of Daniel King Belshazzar was warned by the writing of a man’s hand on the wall that he had been weighed in the balance and found wanting, but in Turkey the result of Sunday’s local elections is enough.

More:The Writing on the Wall - Sigma Turkey

Turkey and the deceptive glimmer of hope for the Opposition | CRYPTO COIN DISCOVERY

Turkey and the deceptive glimmer of hope for the Opposition
By
Teodora Torrendo -
April 2, 2019 37

The image that is shared by many Turks at the Moment in the social media, shows three of the Raki glasses. Three friends toast, and over your glasses is: Izmir, Ankara, Istanbul. The three largest cities in the country, their city halls governed from now on the Opposition. To drink Raki, to drink alcohol at all, which is politically in Turkey. President Erdogan also sees itself as an educator of the Nation and want to break the citizens with higher and higher alcohol, the Drink taxes. The town halls, which led to his ACP, of the contracts in the last time, hardly any alcohol licenses. The CHP, however, the Opposition: Its founder, Mustafa Kemal Atatürk died of cirrhosis of the liver. He loved the Raki.

Recep Tayyip Erdogan has become vulnerable

More:Turkey and the deceptive glimmer of hope for the Opposition | CRYPTO COIN DISCOVERY

Turkey: The Perils and Promise of Prediction | Council on Foreign Relations

Turkey: The Perils and Promise of Prediction

Blog Post by Steven A. Cook, Author

Last updated April 2, 2019

A few days before Turkey’s local elections, I wrote an article for Foreign Policy.com titled “Erdogan is Weak. And Invincible.” Well, at least the first part was accurate. The ruling Justice and Development Party (AKP) lost in major metropolitan areas including the capital, Ankara, as well as Antalya, Izmir, Adana, and Mersin. There is strong evidence to indicate that it also lost Istanbul. The party still controls most towns and cities in the country, but this was a defeat for AKP and President Recep Tayyip Erdogan. Needless to say, this was an outcome that I did not expect. No excuses—I blew it.

More:Turkey: The Perils and Promise of Prediction | Council on Foreign Relations

How will Erdogan respond to Turkish voters' rebuke of hie strongman style? - GreenwichTime

How will Erdogan respond to Turkish voters' rebuke of hie strongman style?

The Washington Post Published 11:47 pm EDT, Monday, April 1, 2019

Turkish President Recep Tayyip Erdogan turned Sunday's local elections into a referendum on his increasingly authoritarian leadership. He feverishly barnstormed the country, attempting to rally his base with claims that Turkey's existence as a nation was at stake. He even played videos of the recent massacre of Muslim worshipers in New Zealand. Fortunately, the result was a decisive rebuff. According to results reported Monday, Erdogan's party lost the mayorships of Turkey's two most important cities, Ankara and Istanbul, for the first time in a quarter-century, along with city halls in almost every other large city.

More:How will Erdogan respond to Turkish voters' rebuke of hie strongman style? - GreenwichTime

The Latest: Election observers urge Turkey to honor results - StarTribune.com

The Latest: Election observers urge Turkey to honor results
Associated Press
April 1, 2019 — 9:30am

ISTANBUL — The Latest on Turkey's local elections (all times local):

5:25 p.m.

The Council of Europe's election observation mission to Turkey's local elections said it was "not fully convinced" that Turkey had a "free and fair electoral environment."

More:The Latest: Election observers urge Turkey to honor results - StarTribune.com

Turkey: Hometown Blues for Erdogan - GZERO Media

Turkey: Hometown Blues for Erdogan
April 01, 2019 Alex Kliment

When Istanbul elected a young, Islamist mayor in 1994, it sent a shockwave through Turkey's secular political establishment and marked the beginning of a sea change in the country's politics. Recep Tayyip Erdogan would use the mayoralty of Turkey's largest city as a springboard to national power, which he has now dominated for 16 years.

More:Turkey: Hometown Blues for Erdogan - GZERO Media

Turkish elections: Erdogan’s failings are too big to hide | World | The Times

Turkish elections: Erdogan’s failings are too big to hide

Hannah Lucinda Smith, Istanbul Outcomes were no longer meant to be surprising in Turkish elections. Since he was voted in as president in 2014, having served as prime minister since 2003, Recep Tayyip Erdogan has progressively tightened his grip over his country’s media, judiciary and institutions to a point where most believed it was impossible for him to suffer real defeat.

More:Turkish elections: Erdogan’s failings are too big to hide | World | The Times

Asia Times | Turkey’s democracy wakes up | Article

Turkey’s democracy wakes up
Ömer Taşpınar
By Ömer Taşpınar

The most fundamental question in Turkish politics – since the country entered an unprecedented phase of civilian autocracy after the Gezi Park protests in 2013 – is an existential one about democracy: Do elections matter? More precisely, would President Recep Tayyip Erdogan surrender power because of election results?

More:Asia Times | Turkey’s democracy wakes up | Article

Loss of Istanbul would be harshest blow for Erdogan - NZ Herald

Loss of Istanbul would be harshest blow for Erdogan
2 Apr, 2019 2:34pm

By: Kareem Fahim

The candidate from Turkey's main opposition party appeared headed for victory in the race to become mayor of Istanbul, an influential post that launched the political career of the country's president and one he had zealously sought to keep in the hands of his ruling party.

More:Loss of Istanbul would be harshest blow for Erdogan - NZ Herald

Turkish elections: Erdogan demands recount after Istanbul defeat | World | The Times

Turkish elections: Erdogan demands recount after Istanbul defeat

Hannah Lucinda Smith, Istanbul April 2 2019, 12:00pm, The Times Global politics

President Erdogan is to contest more than 300,000 votes in Istanbul, which his party lost to the main opposition in local elections. The defeat of Mr Erdogan’s Justice and Development Party (AKP) in Istanbul was the most scalding in a string of urban losses, in which the group ceded control of almost all of Turkey’s major cities including Ankara on Sunday.

More:Turkish elections: Erdogan demands recount after Istanbul defeat | World | The Times

Erdogan Victory Banners After Istanbul Municipal Election - Bloomberg

Erdogan’s Party Decks Istanbul With Victory Banners After Loss

Opposition candidate won the most votes, so why is the ruling party celebrating?

More:Erdogan Victory Banners After Istanbul Municipal Election - Bloomberg

Erdogan’s stumbles bring him to a fork in the road | Financial Times

Erdogan’s stumbles bring him to a fork in the road
Economic problems have loosened Turkish leader’s political grip

It is hard to overstate the blow to Turkey’s president Recep Tayyip Erdogan represented by losing political control not just of Ankara but — most likely — Istanbul too. It was victories in Turkey’s two biggest cities 25 years ago that gave him his real political start; as he told party activists in 2017: “If we stumble in Istanbul, we lose our footing in Turkey.” Sunday’s shock regional election setbacks bring Mr Erdogan to a fork in the road — where he must choose between the pragmatism he is capable of, and his instinct to double down against opposition.

More:Erdogan’s stumbles bring him to a fork in the road | Financial Times

Turkish democracy is alive and well. And could teach Europe a thing or two ǀ View | Euronews

Turkish democracy is alive and well. And could teach Europe a thing or two ǀ View
Comments
last updated: 02/04/2019 - 15:33
By Muhammed Yesilhark

Amidst the constant barrage of coverage calling Turkey an "authoritarian state," and even a dictatorship, came Sunday morning's municipal election upset where the ruling Justice and Development (AK) Party likely lost control of three major cities.

More:Turkish democracy is alive and well. And could teach Europe a thing or two ǀ View | Euronews

Understanding Israel's Role in The F-35 Dispute Between the US and Turkey - Eurasia Future

Understanding Israel’s Role in The F-35 Dispute Between the US and Turkey
Written by Adam Garrie on 2019-04-02

The United States has just cut off its nose to spite its face by announcing that Washington will halt delivery of equipment related to the F-35 fighter jet to Turkey. This makes life more difficult for both Turkey and the US as Turkey played a key role in the development of the F-35.

More:Understanding Israel's Role in The F-35 Dispute Between the US and Turkey - Eurasia Future

Monday, April 01, 2019

Erdogan loses Istanbul and Ankara - Turkish disgust

Erdogan loses Istanbul and Ankara

Local elections are a blow to Turkey’s autocratic president

More:Erdogan loses Istanbul and Ankara - Turkish disgust

TURKEY: HOMETOWN BLUES FOR ERDOGAN - GZERO Media

TURKEY: HOMETOWN BLUES FOR ERDOGAN
April 01, 2019 Alex Kliment

When Istanbul elected a young, Islamist mayor in 1994, it sent a shockwave through Turkey's secular political establishment and marked the beginning of a sea change in the country's politics. Recep Tayyip Erdogan would use the mayoralty of Turkey's largest city as a springboard to national power, which he has now dominated for 16 years.

More:TURKEY: HOMETOWN BLUES FOR ERDOGAN - GZERO Media

Humbling election results for Turkey's strongman - Axios

Humbling election results for Turkey's strongman Erdogan billboard

Voters in Turkey’s largest cities have dealt President Recep Tayyip Erdogan a sharp rebuke. Why it matters: A sputtering economy and an uncharacteristically united opposition unleashed a tide of opposition victories in municipal elections across the country Sunday that were widely seen as a referendum on Erdogan. Catch up quick: Erdogan wasn't on the ballot, but he campaigned vigorously for weeks. He railed against enemies foreign and domestic and suggested only he was strong enough to defend Turkey against them. Erdogan’s Justice and Development Party (AKP) and its nationalist allies did manage 52% of the national vote. But they lost control of Ankara, the capital, and are set to lose in Istanbul — Turkey’s economic and cultural center and the city that made Erdogan a national figure when it elected him mayor in 1994. The big picture: Soner Cagaptay, a fellow at the Washington Institute and author of "The New Sultan," tells me that if Erdogan is forced to concede Ista

More:Humbling election results for Turkey's strongman - Axios

Erdogan made the local elections all about himself. It backfired - Turkey - Haaretz.com

Analysis Erdogan Made the Local Elections All About Himself. It Backfired

His party may have won, but the Turkish president took two very personal hits
Zvi Bar'el
Apr 01, 2019 10:43 PM

President Recep Tayyip Erdogan’s Justice and Development Party won Sunday’s local elections in Turkey, but Erdogan lost. That’s the paradox in which the president placed himself when he said that these elections polls were a vote of confidence in him and in his policies, and would shape Turkey’s future.

More:Erdogan made the local elections all about himself. It backfired - Turkey - Haaretz.com

Poll observers raise concerns over curbs on freedom in Turkey | Reuters

Poll observers raise concerns over curbs on freedom in Turkey

ISTANBUL (Reuters) - A European group observing local elections in Turkey criticized curbs on free expression on Monday, a day after voters appeared to have dealt President Tayyip Erdogan’s ruling party defeats in major cities.

More:Poll observers raise concerns over curbs on freedom in Turkey | Reuters

Rising Turkish political star pulls off Istanbul upset

Rising Turkish political star pulls off Istanbul upset

Istanbul (AFP)

Turkish President Recep Tayyip Erdogan's AKP party appeared so sure of winning Istanbul in Sunday's election that posters of its candidate thanking the city were plastered on walls early Monday.

More:Rising Turkish political star pulls off Istanbul upset

The Latest: Election observers urge Turkey to honor results

The Latest: Election observers urge Turkey to honor results
4/1/19 10:28 AM

ISTANBUL — The Latest on Turkey’s local elections (all times local):

The Council of Europe’s election observation mission to Turkey’s local elections said it was “not fully convinced” that Turkey had a “free and fair electoral environment.”

Andrew Dawson, who was heading the mission, urged the government to respect the results, especially in the predominantly Kurdish provinces. Since 2016, the government has replaced elected officials with trustees in 95 municipalities for alleged links to outlawed Kurdish militants.

More:The Latest: Election observers urge Turkey to honor results

Is Turkish poll shock the beginning of the end for ErdoÄŸan? | World news | The Guardian

Is Turkish poll shock the beginning of the end for ErdoÄŸan?
AKP losses are an unprecedented rebuke to ErdoÄŸan’s authority and a backlash is feared

Simon Tisdall

Recep Tayyip ErdoÄŸan turned Turkey’s local elections into a referendum on his personal leadership. The results, showing his Justice and Development party (AKP) in retreat nationally and losing control of seven of Turkey’s 12 main cities, not counting Istanbul, will thus be viewed as a stinging personal repudiation.

More:Is Turkish poll shock the beginning of the end for ErdoÄŸan? | World news | The Guardian

Breakingviews - Turkey elections pave way for bad economic choices | Reuters

Breakingviews - Turkey elections pave way for bad economic choices
Dasha Afanasieva

LONDON (Reuters Breakingviews) - Setbacks that Turkish President Tayyip Erdogan’s ruling AK Party suffered in Sunday’s local elections will prod him into making the wrong economic policy choices. He is all the more likely now to opt for short-term fixes rather than the more profound changes that investors want but which would take time to combat recession.

More:Breakingviews - Turkey elections pave way for bad economic choices | Reuters

Turkey's Bubble Is Bursting

Turkey's Bubble Is Bursting
Jesse Colombo

For the past five years, I've been warning about a dangerous credit bubble that has been developing in Turkey's economy. Ultra-low interest rates led to a borrowing binge that created an artificial economic boom that most people thought was a legitimate, sustainable boom. Since the summer of 2018, however, Turkey's central bank was forced to raise interest rates dramatically to stem the sharp decline of the lira. At the time, I cautioned that those aggressive rate hikes would be the pin that pops Turkey's long-lasting credit bubble, which has proven to be correct, so far.

More:Turkey's Bubble Is Bursting

Erdogan loses hold over Ankara and Istanbul, blames it on the economy – EURACTIV.com

Erdogan loses hold over Ankara and Istanbul, blames it on the economy

Turkey’s Recep Tayyip ErdoÄŸan suffered a severe setback as his ruling AK Party lost control of the capital Ankara for the first time in a local election and he appeared to concede defeat in the country’s largest city, Istanbul.

More:Erdogan loses hold over Ankara and Istanbul, blames it on the economy – EURACTIV.com

Lira Swings as Erdogan Suffers Blow in Turkey's Municipal Ballot - Bloomberg

Lira Swings as Erdogan Suffers Blow in Turkey's Municipal Ballot

By Constantine Courcoulas

The lira swung between gains and losses as Turkey’s main opposition moved ahead of President Recep Tayyip Erdogan’s ruling AK Party in a closely fought contest for the nation’s largest metropolis after local elections loosened his grip on the nation’s key cities.

More:Lira Swings as Erdogan Suffers Blow in Turkey's Municipal Ballot - Bloomberg

Erdogan’s polls defeat adds to Turkey’s challenges | Financial Times

Erdogan’s polls defeat adds to Turkey’s challenges
President forced to regroup after his party hit by local election results
Supporters of the Turkish president in Istanbul, the city where his election as mayor in 1994 set the seeds for his rise to the presidency © AP

Recep Tayyip Erdogan strived for a reassuring tone when he addressed supporters from the balcony of his ruling party headquarters in the early hours of Monday morning.

More:Erdogan’s polls defeat adds to Turkey’s challenges | Financial Times

Turkish Elections Suggest Cracks In Support For Erdogan's AK Party : NPR

Turkish Elections Suggest Cracks In Support For Erdogan's AK Party

April 1, 20199:16 AM ET

Bill Chappell

Opposition candidates made serious gains in Turkey's local elections, winning a powerful post in Ankara and threatening to win other large cities away from President Recep Tayyip Erdogan's ruling party. In some areas, results remain too close to call.

More:Turkish Elections Suggest Cracks In Support For Erdogan's AK Party : NPR

Erdogan loses control of Istanbul and Ankara | World | The Times

Erdogan loses control of Istanbul and Ankara
new
Hannah Lucinda Smith, Istanbul | Richard Spencer, Middle East Correspondent

April 1 2019, 12:00pm, The Times

Turkey’s secular opposition party appears to have seized control of the country’s two biggest cities in local elections that have dealt President Erdogan a significant blow.

More:Erdogan loses control of Istanbul and Ankara | World | The Times

What's next for Turkey’s economy as president's party loses grip on power?

What's next for Turkey’s economy as president's party loses grip on power?

April 01, 2019 From the BBC World Service… The Turkish president's ruling party lost control of the country's capital in regional elections this weekend, leading to a major setback in his 16-year rule. So what does it mean for the future of the country's economy, which has seen high inflation and a plunging currency?

More:What's next for Turkey’s economy as president's party loses grip on power?