Skip to content
Search

Latest Stories

News

Timing in Turkey

Timing in Turkey
Make us preferred on Google

Earlier this spring, Turkish President Recep Tayyip Erdogan made a big bet on timing — moving up his country’s general elections by 16 months to June 24th, he reasoned, would make it easier to lock in a fresh mandate before a slowing economy and growing opposition complicated things.


Given his broad influence over the media and the courts, as well as the emergency decrees that he’s used since a failed 2016 coup to silence or marginalize opposition figures, Erdogan and his AKP party, who’ve been in power since 2003, are still the electoral favorites. But this election’s not quite the shoo-in that it might once have seemed.

For one thing, Erdogan’s policies have recently thrown the Turkish currency into a tailspin that has raised questions about his ability to continue delivering economic growth. The international creditors who’ve helped fuel Turkey’s economic boom don’t like the country’s rising inflation. But the central bank has long been under pressure from Erdogan to keep interest rates low to benefit the small businesses that make up a key part of his political base. Investors’ patience for Erdogan’s meddling has started to fray recently.

At the same time, Turkey’s beleaguered opposition has been surprisingly unified. Large and small parties have joined together to increase their chances of gaining seats in parliament, and the leading presidential challengers, the fiery nationalist Meral Aksener and Muharrem Ince, a largely secular politician of humble origins who has made inroads with Erdogan’s base, have pledged to support each other if either makes it to a second round against Erdogan. That could pose a stiff challenge for him.

Over the past year, there have been several cases when world leaders tried to time elections to their advantage, only to see things blow up in their faces — we’ve got Malaysia’s Najib Razak, Britain’s Theresa May, and Italy’s Matteo Renzi on line two. While Turkey’s strongman Erdogan is still in a much more commanding position than most, June 24th can’t come soon enough. ​

More For You

The world is on fire. Why are markets so calm?

US President Donald Trump listens to a question from a reporter prior to signing an executive order on AI next to Sriram Krishnan, Senior White House Policy Advisor on Artificial Intelligence, US Sen. Ted Cruz (R-TX), US Commerce Secretary Howard Lutnick, and David Sacks, chair of the President's Council of Advisors on Science and Technology, in the Oval Office at the White House in Washington, D.C., USA, on December 11, 2025.

REUTERS/Al Drago
It’s a fascinating moment for world politics and global markets. Geopolitically, the world is in turmoil, primarily because the United States, still the superpower, has become a fundamentally unreliable actor. President Donald Trump is actively pulling apart the international order that Washington built and led over the past 80 years. Yet, [...]
Cuba’s old guard gets even older
Will Fitzpatrick
Raúl Castro, younger brother of Fidel, has been synonymous with the Cuban regime that has frustrated and confounded American presidents for decades. Though he stepped back from official duties in 2021, he continues to serve as a symbolic leader and as the general of Cuba’s Revolutionary Armed Forces. But Castro is ringing in his birthday with an [...]
South Korean President Lee Jae Myung leaving after giving a speech

South Korean President Lee Jae Myung leaves after giving a speech on the Government's first supplemetary budget bill of 2026 at the National Assembly in Seoul, South Korea, 02 April 2026.

JEON HEON-KYUN/Pool via REUTERS
A superb day for South Korea’s LeePresident Lee Jae-myung is set to mark his one-year anniversary in office with an excellent showing in Wednesday’s local elections that were viewed as a referendum on his presidency. Exit polls suggest that his left-leaning Democratic Party is set to win 11 of 16 municipal leadership races, while the conservative [...]
Anthropic prepares for blockbuster public offering
Will Fitzpatrick
The maker of the large-language model Claude became the latest AI giant to file to go public, following a similar move by SpaceX. OpenAI is likely to follow suit. Anthropic’s market debut could arrive as soon as this fall. It’s not clear, though, how many shares it will offer to the public, but the IPO is set to make the company worth above $1 [...]