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3 Jun 2015
Turkish elections surrounded by uncertainty – TDS
FXStreet (Edinburgh) - Strategists at TD Securities noted the divided opinions regarding the potential outcome from the Turkish Parliamentary elections due on Sunday.
Key Quotes
“On 7 June Turkish parliamentary elections take place with the outcome highly uncertain”.
“The big question is whether the HDP clears the 10% threshold. If they do then the AKP is unlikely to achieve an outright majority; some sort of coalition is then likely”.
“If the HDP get less than 10% then the AKP will probably achieve an outright majority, but will it be big enough to change the constitution to a presidential system of government?”.
“The least-worst outcome for the markets is an AKP outright majority, but not big enough to implement a change in the constitution”.
Key Quotes
“On 7 June Turkish parliamentary elections take place with the outcome highly uncertain”.
“The big question is whether the HDP clears the 10% threshold. If they do then the AKP is unlikely to achieve an outright majority; some sort of coalition is then likely”.
“If the HDP get less than 10% then the AKP will probably achieve an outright majority, but will it be big enough to change the constitution to a presidential system of government?”.
“The least-worst outcome for the markets is an AKP outright majority, but not big enough to implement a change in the constitution”.