Tuesday, May 01, 2007

FT.com / World - Turkish court opens way for early election

"Turkish court opens way for early election

By Vincent Boland in Ankara

Published: May 1 2007 19:06 | Last updated: May 1 2007 19:06

Turkey’s constitutional court on Tuesday declared the first round of electing a new president invalid, opening the way for early general elections that could resolve the country’s damaging political crisis.

The ruling came after the stock market fell 3.2 per cent, taking losses over the past two days to nearly 10 per cent, as foreign investors kept selling Turkish assets in the belief that the crisis would not end soon."

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