Erdogan's AKP Defeat In Turkey Has "Favorable Democratic Implications"

Sunday’s defeat of the Ruling AKP party in Turkey’s parliamentary elections “appears to have favorable democratic implications” a Credit Suisse report notes while an HSBC report says that an immediate shift in monetary of fiscal policy is not anticipated. After attempting to shut down Twitter and jailing a 16 year old who disagreed with him, Turkey’s ruler fails to gain support to consolidate executive power With most of the votes counted, the Credit Suisse report projected that the Islamic influenced ruling AKP party will tally just over 40 percent of the votes and will be required to form a government with…