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.
GBP/USD – Pound Pushes Above 1.23, British Retail Sales Next
Race For French Left Candidate Heats Up
This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.