Erster Kommentar von Experten: Wird Şimşek durch das Ergebnis der Kommunalwahlen abgesetzt?

T24 International News

Following the elections on March 31, in which the CHP became the leading party after 47 years and took over many municipalities from the AKP, all eyes are on the President, Tayyip Erdogan. The question was whether he would make a radical decision in his economic management.

In an interview with Bloomberg, one of the leading financial publications in the USA, the co-chairman of the consulting firm Teneo said after the announcement of the election results: Wolfgango Piccolo The results were communicated to Erdogan and the Finance and Treasury Minister, Mehmet Simsek. He stated that he did not expect a gap in the economic team he leads.

„No significant change is expected in economic policy,“ Piccolo said.

Piccoli stated that the main risk to Şimşek’s political program, which includes discipline in public finances and high interest rates to control inflation, is that Erdogan may have difficulty not increasing minimum prices and pensions in the second half of 2024.

European manager of the Eurasia Group, Emre Peker said, „It seems that voters have punished Erdogan’s party and its candidates in the local elections.“

Senior Fellow at the Brookings Institute, Robin Brooks, wrote in his post on the X platform: „The election results in Turkey will not be good for the markets.“

„The markets were hoping for an end to election assistance and a return to orthodoxy,“ Brooks said, adding, „This result signals the opposite. The markets will think that these results will keep Turkey in campaign mode. More incentives. More depreciation.“