Turkey's main opposition party said on Tuesday its candidate for Istanbul m...
ANKARA - Turkey’s main opposition party said on Tuesday its candidate for Istanbul mayor would again contest and win the post, after the election board ordered a re-run of the city election in a ruling that has spooked investors and drawn European criticism.
CHP leader Kemal Kilicdaroglu accused the YSK of betraying voters’ trust and giving in to AKP pressure. With investors questioning Turkey’s commitment to both the rule of law and economic reforms during a recession, bonds and stocks were also sold off on Tuesday. Turkish President TayyipÊErdoganÊgreets members of his ruling AK Party as he arrives at a meeting at theÊparliamentÊin Ankara, Turkey, May 7, 2019. Cem Oksuz/Presidential Press Office/Handout via REUTERS
Control of the city has more than symbolic value. The mayor oversees a budget estimated this year at 24 billion lira , in a city which accounts for about a third of Turkey’s economic output. Two other smaller parties, the Islamist Saadet Party and the Democratic Left Party signaled they might also stand aside in favor of Imamoglu.
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