Erdogan’s election setback dents hopes for big reforms in Turkey

FILE PHOTO: People walk past by AK Party billboards with pictures of Turkish President Tayyip Erdogan and mayoral candidate Binali Yildirim in Istanbul, Turkey, April 1, 2019. REUTERS/Murad Sezer/File Photo

ISTANBUL (Reuters) – President Tayyip Erdogan’s losses in local elections have dented investors’ hopes that Turkey will adopt painful reforms they say are needed to stabilize the economy as he moves to shore up his political base. Erdogan’s Islamist-rooted AK Party (AKP), in power nationally since 2002, lost control of the capital Ankara and the […]

Continue reading this article with a Fiji Times online membership.

More Stories