Europski saveznik Eerdogan i službeno proglasio tiraniju

by Kermit 5/5/2016, 15:19

http://www.zerohedge.com/news/2016-05-05/turkey-pm-quit-handing-even-more-power-erdogan-what-means-turkey

by Kermit 5/5/2016, 15:21

Yesterday when we reported on the dramatic plunge in the Turkish Lira, which crumbled the most since 2008 on a report that a denied AKP party convention was going to take place, we predicted that this means a resignation of PM Davutoglu, who having been caught in a bitter power struggled with president Erdogan would likely resign, we said "if the convention is confirmed, it means that Turkey is about to be swallowed in yet another bitter political crisis,which will likely result in Erdogan concentrating even more power, unless of course he is stopped which in turn would meat more rioting, more civilian casulties, and even less media freedom to describe one nation's collapse into a despotic, authoritarian state."
Europski saveznik Eerdogan i službeno proglasio tiraniju _89601067_5cef24c1-0533-4af1-84bb-b38932293d62_0

Europski saveznik Eerdogan i službeno proglasio tiraniju _89601067_5cef24c1-0533-4af1-84bb-b38932293d62_0

An uneasy meeting between president and PM on Wednesday signalled the latest events
Moments ago Davutoglu's resignation was confirmed, and as BBC reports, "Turkey's Prime Minister Ahmet Davutoglu says he will stand down at an extraordinary congress of his ruling AK Party later this month."
The result has been a dramatic surge in Turkish Lira volatility, which as shown in the chart below just jumped the most in the past decade.