Turkey: Crunch time for re-elected government

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The impressive scale of AK party’s re-election victory reflects the achievements of Tayip Erdogan’s regime in bringing political and financial stability to Turkey.

Now is time for the government to turn its attention to more pressing issues, according to Tuesday’s FT special report on Turkey.

The report examines Turkey’s roaring economic growth – 9 per cent in 2010 – and the side-effects of credit-led domestic demand, including a growing current account deficit.

Delphine Strauss, one of the report’s authors examines newcomers to Turkey’s parliament, including a journalist, a physician, and a former national football team captain – and asks how new blood can help reshape Turkey’s political parties.

Vincent Boland explores how the Turkish banking industry is doing amid uncertainty arising from higher reserve requirements, restrictions on credit growth and a greater presence of foreign banks.

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