[Skip to Content]

Register to receive the OMFIF Daily Update and trial the OMFIF membership dashboard for a month.

* Required Fields

Member Area Login

Forgotten Password?

Forgotten password

Jun 2015: Turkey turns – A president thwarted



Turkey’s election on 7 June, in which voters rejected proposals for a wide-ranging expansion of presidential powers, underlines the conflicts between effective government and the need for voter support for unpopular action. Turkey, like other economies anticipating the onset of US interest rate rises, needs major changes in its economic and social system – but lacks the means to push them through without damaging a delicate network of social consent.