Turkish Political Instability, You Were Missed…
As I mentioned at the end of the previous post, political developments in the afternoon made the rate decision a complete non-event:
First, after High Election Board disallowed the MP status of an independent Kurdish deputy in prison, the rest of the Kurdish pack decided to boycott the Parliament.
The problem is that if there are more than 28 (I think) missing deputies, the Constitution dictates a new election is needed. BUT it also says that the Parliament would need to vote to confirm the deputies are missing, with at least 276 votes required for the decision. So it is kind of ambivalent what would happen if the AKP deputies don’t vote to make the Kurds missing:) Besides, one of the top brass of the AKP, who is also a law professor, is claiming that you’d need at least 30 months from the date of general elections to have an interim election. On the other hand, the Kurds are saying Erdogan was in a similar situation back in 2002, to which the AKP s responding that Erdogan’s situation was different, and so on and so forth… I think I’ll read some more on the matter and then do an addendum on what I think the real deal is.
But CHP is pissed as well, as two of their deputies, currently in jail, will not be able to attend the Parliament, either, as they will not be released. So what if they boycott as well. Pretty scary shit… And just as I was feeling nostalgic for the 90s. But I had in mind the great Besiktas seasons, when we would be sad if we beat the eziks with less than a two-goal difference, not political instability:)
BTW, a new election would also lead me to say, “so much for fiscal stability”, but I guess right now, fiscal stance is the least of my worries:)…
2 Responses to “Turkish Political Instability, You Were Missed…”
L_G • June 23rd, 2011 at 11:25 pm
Interesting case. They must work it out, there is not much room for serious political instability in the current global climate. It would be similar to what the Central Bank does, playing Russian roulette.
edeliveli • June 27th, 2011 at 2:20 pm
Hi Abe_Rudder.
I do some economics consulting as well, so I guess I still qualify as a freelance economist or consultant. But if I am to be labelled as just one thing, I would go for the die-hard Besiktas fan:)
But I wonder why you made that comment. I don't mind being a columnist or economist (or economics columnist), but I did not understand the context.
Also, I am not sure about why you mention the "fame fever", but no worries. If anything, I have the "obscurity fever":):):)
Best,
Emre
