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Tuesday, June 24, 2008

COMMENT: If Turkey's ruling AKP is shut down, what will happen then?

"COMMENT: If Turkey's ruling AKP is shut down, what will happen then?

Ozgur Altug of Raymond James Securities
June 24, 2008

We thought there was a more than 50% probability of a closure verdict from the Turkey's Constitutional Court on the ruling AK Party. However, after seeing the May verdict on the constitutional amendment on the headscarf, we increased our probability assessment to 80% for a closure verdict, despite the fact that both cases are different. In our view, this scenario is more or less expected in the market now."

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