President Tayyip Erdogan on Wednesday called snap elections for June 24, saying economic challenges and the war in Syria meant Turkey must switch quickly to the powerful executive presidency that goes into effect after the vote.
Bahceli stunned Turkish political observers on Tuesday when he urged the government not to wait for November 2019 to hold the presidential and parliamentary elections. Following unsuccessful attempts to form a coalition government, a snap election was called for November with the ruling Justice and Development Party (AK Party) recording its biggest ever win in terms of popular vote.
The idea of an early poll was initially proposed by nationalist allies. "The Supreme Electoral Council will immediately start preparations for them", Erdogan told reporters.
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The BIST-100 benchmark index of the Istanbul stock exchange gained 3.08% to 112,099 on April 18, having been flat until the afternoon election announcement.
Both presidential and parliamentary elections are to be held on the same day in June this year.
Analysts said that the state of the Turkish economy could have tempted the government to consider the early election call and hold polls before there is any serious deterioration. After the election date was confirmed, Turkey's main opposition party, the Republican People's Party (CHP), demanded an immediate end to the state of emergency. "The country needs to brought out of the emergency rule regime starting today", party spokesman Bulent Tezcan said.
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As the crowd applauded, Trump joked, "Are you giving him all the credit? Tramp" and "Comey Liar, Slimeball, Traitor". He also praised his new national security adviser, John Bolton, for Friday's air strikes in Syria.
The broad crackdown permitted by the emergency powers has polarised Turkish society. Since then, Erdogan has cracked down on dissent, and thousands of people - including political opponents, civil servants, journalists and police - have been jailed.
Only Meral Aksener, head of IYI Party, announced that she is going to run for the presidential elections.
"Our analysis shows that the country (Turkey) continues to take huge strides away from the European Union, in particular in the areas of rule of law and fundamental rights" said European Enlargement Commissioner Johannes Hahn.
U.S. stocks rise on retail sales, relief over Syria
Final consumption expenditure contributed to 77.8 percent of the economic growth during the period, according to the data. Market reaction: The Dow Jones Industrial Average and the S&P 500 index were set to open sharply higher in Monday trades.