Election may give optimistic markets a nasty shock

Turkey’s equity, credit and currency markets appear to be pricing in a benign outcome from the election coming this weekend. But the result could lead to a new clash between the state and military.

  • 17 Jul 2007

When two ideologically opposed forces go head to head, the immediate outcome can be stalemate. But eventually one side will flinch.

Political turmoil has gripped Turkey since the army’s “e-coup” in May — the military posted a message on its website warning that the ruling Justice and Development Party’s ...

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