Monday, June 13, 2011

Turkey's Erdogan election win simple majority

.- The party of Prime Minister Tayyip Erdogan, won parliamentary elections Sunday to get nearly 50 percent of the vote, implying that failed to muster enough seats to hold a referendum to change the constitution. Muslim Democracy candidate to enter the has become an important economic actor on the world stage since the AKP came to power in 2002.

The AKP will be forced to seek alliances with other parties to promote their plans to replace the existing constitution, written almost 30 years during a period of military rule. "People gave us his message of building a new constitution through consensus and negotiation," said Erdogan in his victory speech delivered from the balcony of the headquarters of AK in Ankara.

"We will discuss a new constitution with the opposition parties," he added. Defending the spread of democracy in the region with the establishment of the "Arab spring", Erdogan is now observed with respect to his handling of the complicated international situation, with thousands of Syrians crossing the Turkish border seeking refuge from repression.

Preliminary results based on the count of 99.7 percent of the vote, show that the AK gets a 49.9 of the votes, ie 325 seats, a figure just below the 330 needed to call a plebiscite and a score for below 331 of the 550 total obtained in the previous legislature. This decline overshadows the third consecutive victory of the AK, but analysts estimate it will be good for the market and the economy of Turkey.

"It seems that the outcome of the election is headed for the best scenario for the markets: a solid majority for AK but below the 330 seats required to amend the constitution and call a referendum," said Wolfango Piccoli, an analyst at Eurasia Group in London. The results led to the lira in the operations of the Asian markets, and analysts expect more gains against the dollar.

AK supporters welcomed the results, blowing horns and waving flags while driving in cities across the country. The training center-left Republican People's Party (CHP by its acronym in Turkish) won 25.9 percent of the votes while the right-wing MHP party had about 13 percent of the vote, surpassing the 10 percent required at least to enter Parliament.

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