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Tuesday, July 06, 2010

Turkey: Constitutional Court - in two weeks the ultimate decision on reforms

"Turkey: Constitutional Court - in two weeks the ultimate decision on reforms
Yapi Kredi - bne - 06.07.2010
The Constitutional Court (CC) has started its deliberations on the infamous Constitutional Reform Package (CRP) today, and our hunch is that the decision will be coming fairly swiftly despite the two-week limit the CC has for the ultimate decision.

The real political risk, in our view, is a tight referendum win for the AKP in our best case scenario, which would mean that the support for the AKP is eroding, which in turn would be initiating excruciating thought exercises regarding alternative government formations."

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