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Turkey Referendum: Narrow Win for Erdogan Cements His Power

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Turkey Referendum: Narrow Win for Erdogan Cements His Power

Introduction

This article was posted on Monday, 11:58, UTC.

The results of the Turkish constitutional vote show a picture of a divided country, as the main cities and the territories with the most Kurdish citizens overwhelmingly chose no, but the rural Turkey outvoted them by a very tight margin. With 99.8% of the ballots counted, the results showed a 51.4% majority of the yes votes. The results of the Turkish constitutional referendum by territory (source: Reuters) Tayyip Erdogan declared victory shortly after the mathematical chance of a turnaround faded, while opposition parties voiced their suspicions regarding fraud.  They plan to challenge up to one-third of the ballots, as a…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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Turkey, the regional superpower with a fragile economy, a faltering…