Erdogan Moves Closer to Tightening Grip on Power

Turkey edged closer to adopting a constitutional bill extending President Tayyip Erdogan’s powers overnight, with parliament approving four more articles of a reform which opponents see as a step towards an authoritarian state.

Erdogan, who could rule the European Union candidate country until 2029 if the legislation is passed, says it will provide stability at a time of turmoil and prevent a return to the fragile coalitions of the past.

During the evening debate an independent lawmaker, Aylin Nazliaka, handcuffed herself to the podium in protest against the stronger presidency, triggering a scuffle between MPs of the ruling AK Party and opposition parties.

Reuters

GBP/USD – Pound Pushes Above 1.23, British Retail Sales Next

Race For French Left Candidate Heats Up

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.