Hail To The President

TURKEY - Report 06 Aug 2014 by Murat Ucer and Atilla Yesilada
Executive SummaryErdogan is almost certain the win the presidential election in the first round on Sunday. We start by providing an overview of the policies to be pursued in the Erdogan Era. We are not optimistic that AKP will revert to a more pragmatic policy path in social matters or the economy. Unless Gul is elected the new party chairman, policy coordination failure and even more arbitrary and myopic decisions may become the hallmark of the new administration. If, as we expect, Mr. Babacan and his allies are excluded from the new cabinet, a radically unorthodox development program may ...

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