The One-man show party has just begun. Now, he has a great power to influence the economic, laws etc. We can expect a bigger influence of new elected man to the organs, which should always have stayed neutral and objective for example Turkish Central Bank (as before). We will see how situation will develop. Maybe the situation will be different.
Recep Tayyip Erdogan, modern Turkey’s longest-serving ruler, won a mandate to govern with sweeping new powers after a double victory in presidential and parliamentary elections.
Erdogan had 53 percent of the presidential vote to 31 percent for his closest challenger, Muharrem Ince of the secular Republican People’s Party or CHP, with more than 99 percent of ballots counted, according to government news agency Anadolu. The country’s electoral board hasn’t published official results yet, but it confirmed that Erdogan won.
Speaking to reporters Monday, he expressed concern that Turkey is “not going to be a society governed by institutions and rules.” The country was officially under emergency rule during the campaign, giving the government extensive powers to suppress dissent.
The results mark “the last step towards Turkey’s transformation into a one-man regime,” Wolfango Piccoli, co-president of Teneo Intelligence in London, a political-risk analysis firm, said in an emailed note.
Erdogan, who has governed since 2003, campaigned on the need for continuity in turbulent times. He’s presided over an economic boom that in recent months has threatened to turn into a bust. The currency plunged, and capital fled as Erdogan fought with his own central bank, insisting against economic orthodoxy that interest rates need to be lowered. “There will be some short-term buying of Turkish financial assets, but it is difficult to see this being sustained,” said Nigel Rendell, a senior analyst at Medley Global Advisors. “Given Erdogan’s track record and autocratic style, there’s a high risk that policy will be directed more towards economic growth than taming double-digit inflation or correcting the serious external imbalances. “, according to Bloomberg.com