Friday 7 June 2013

Are we witnessing a Turkish Spring? - EIU - From Our Chief Economist

"Anti-government protests have rocked Turkey, drawing comparisons with the political upheavals in the Arab world over the past two years. However, my analysts and I believe that any Arab Spring analogy is misplaced. Turkey is not a dictatorship, even though the autocratic style of the prime minister, Recep Tayyip Erdogan, is one of the root causes of the current turbulence. The once-powerful military has remained out of the fray, and is unlikely to interfere. In addition, the polarisation of Turkish society manifest in the protests does little to diminish the strong support that the ruling Justice and Development Party (AKP) still enjoys throughout the country. Mr Erdogan's mandate is more secure than it appears, but his grip on power is nonetheless being questioned like never before. Political risks are rising."

'via Blog this'

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