The Traderszone Network

Published in TZ Latest News 7 June, 2015 by The TZ Newswire Staff

Turkish Lira Plunges As Landmark Election Portends Political Uncertainty

In an election that was, essentially, a litmus test for Recep Tayyip Erdogan’s plans to expand his powers, voters dealt the Turkish President and his Justice and Development Party (A.K.P.) a stinging blow at the ballot box on Sunday. 

With 99% of the vote tallied, A.K.P appeared to have lost its parliamentary majority, winning only around 40% of the vote, a steep decline from 2011.

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