The Japan Times - Resurgent Erdogan heads for historic election runoff

EUR -
AED 4.051266
AFN 71.693658
ALL 90.57862
AMD 397.666369
ANG 1.974766
AOA 1011.426746
ARS 1702.71518
AUD 1.627409
AWG 1.987006
AZN 1.879433
BAM 1.952133
BBD 2.222126
BDT 137.222233
BGN 1.956016
BHD 0.416199
BIF 3312.826808
BMD 1.102973
BND 1.420612
BOB 12.880629
BRL 6.225626
BSD 1.103228
BTN 103.916384
BWP 15.420823
BYN 3.305246
BYR 21618.272922
BZD 2.218932
CAD 1.573072
CDF 2553.383145
CHF 0.925797
CLF 0.027895
CLP 1097.866779
CNY 7.357548
CNH 7.360972
COP 3673.926216
CRC 494.371343
CUC 1.102973
CUP 26.477902
CVE 110.05826
CZK 24.402843
DJF 196.020815
DKK 7.475235
DOP 67.113018
DZD 151.076477
EGP 58.918512
ERN 16.544597
ETB 181.078189
FJD 2.508547
FKP 0.833097
GBP 0.834989
GEL 2.857131
GGP 0.833097
GHS 12.935525
GIP 0.833097
GMD 81.620402
GNF 9774.638724
GTQ 8.434042
GYD 230.813287
HKD 8.653381
HNL 29.667003
HRK 7.535227
HTG 144.676264
HUF 364.550304
IDR 20123.854658
ILS 3.547938
IMP 0.833097
INR 103.971264
IQD 1672.535462
IRR 2110539.043068
ISK 136.603645
JEP 0.833097
JMD 174.322542
JOD 0.782052
JPY 176.337869
KES 143.29869
KGS 96.43901
KHR 4532.424379
KMF 491.926393
KPW 992.676183
KRW 1474.702664
KWD 0.343566
KYD 0.919361
KZT 491.759561
LAK 24834.349648
LBP 98796.071866
LKR 366.945717
LRD 187.555134
LSL 18.651111
LTL 3.256793
LVL 0.667178
LYD 7.111512
MAD 10.931334
MDL 20.040083
MGA 5012.584057
MKD 61.533137
MMK 2316.133093
MNT 3975.205126
MOP 8.916028
MRU 44.619185
MUR 52.523997
MVR 16.997233
MWK 1913.080336
MXN 20.46463
MYR 4.506863
MZN 70.491427
NAD 18.651195
NGN 1485.572836
NIO 40.602993
NOK 10.555778
NPR 166.261148
NZD 1.996249
OMR 0.424084
PAB 1.103228
PEN 3.753948
PGK 5.034543
PHP 70.498185
PKR 305.076277
PLN 4.405992
PYG 6847.13792
QAR 4.021845
RON 5.349314
RSD 117.651978
RUB 91.216298
RWF 1632.211757
SAR 4.156683
SBD 8.931103
SCR 15.347339
SDG 663.442379
SEK 11.114142
SGD 1.42095
SHP 0.826476
SLE 25.262128
SLL 23128.798636
SOS 630.487074
SRD 41.35087
STD 22829.316447
STN 24.454064
SVC 9.653866
SYP 14340.856725
SZL 18.645721
THB 37.402225
TJS 10.177444
TMT 3.871436
TND 3.325653
TOP 2.655695
TRY 55.552789
TTD 7.488932
TWD 36.274694
TZS 2921.687931
UAH 50.160775
UGX 4556.440904
USD 1.102973
UYU 44.716003
UZS 13267.078314
VES 993.21681
VND 28374.534697
VUV 132.72376
WST 3.082654
XAF 655.957
XAG 0.022472
XAU 0.00028405106
XCD 2.98084
XCG 1.988329
XDR 0.779859
XOF 655.957
XPF 119.331742
YER 260.857098
ZAR 18.675293
ZMK 9928.085496
ZMW 22.556322
ZWL 355.156891
SSP 6558.841327
MXV 2.298203
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Resurgent Erdogan heads for historic election runoff
Resurgent Erdogan heads for historic election runoff / Photo: Adem ALTAN - AFP

Resurgent Erdogan heads for historic election runoff

Turkish President Recep Tayyip Erdogan on Monday emerged from his toughest election test unbowed and in strong position to extend two decades of his Islamic-rooted rule by another five years in a historic May 28 runoff.

Text size:

The 69-year-old leader defied pollsters and his country's most dire economic crisis since the 1990s to come within a fraction of a percentage point of winning Sunday's presidential ballot.

His right-wing party also retained control of parliament through an alliance with ultra-nationalists on a drama-filled night that concluded with Erdogan delivering a victory speech from a balcony to jubilant supporters.

He even won in regions hit by a calamitous February quake that claimed more than 50,000 lives -- and where anger at the government's slow response to Turkey's worst disaster of modern times was seething.

"A staggering win for Erdogan," emerging markets economist Timothy Ash said in a note to clients.

"He has the magic dust at these times. And he just gets Turks -- the nationalist, socially conservative and Muslim ones."

- 'Very high risk' -

The main opposition party led by Kemal Kilicdaroglu confronted the reality Monday that they were unable to beat Erdogan at one of his most vulnerable moments.

"Don't despair," Kilicdaroglu told his supporters. "We will stand up and take this election together."

Turkey's election officials Monday confirmed that there would be a second round because the remaining uncounted votes could not swing the outcome.

Erdogan secured 49.5 percent of the vote and Kilicdaroglu picked up 44.9 percent.

Nationalist candidate Sinan Ogan -- a former member of a far-right party now allied with the government -- had 5.2 percent.

Official turnout reached a record 88.9 percent.

The markets were depressed and Erdogan's supporters ecstatic.

The lira touched new lows against the dollar and stocks on the Istanbul exchange fell on a realisation that the era of Erdogan's unconventional economics may not be over.

"We think Turkey is now at very high risk of an increase in macroeconomic instability," the Capital Economics consultancy said.

- 'Superb success' -

The view was far different in the more nationalist and conservative corners of Turkey.

"The people won!" the right-wing Yeni Safak newspaper proclaimed in a banner headline.

The pro-government Sabah daily called Erdogan's performance a "superb success".

Erdogan supporter Hamdi Kurumahmut was brimming with confidence in the morning after the night of Turkey's biggest election of its post-Ottoman era.

"Erdogan is going to win. He is a real leader. The Turkish people trust him. He has a vision for Turkey," Kurumahmut told AFP in Istanbul.

"There are things that need to be improved, on the economy, education or the refugee policy. But we know he's the one who can sort all that out," the 40-year-old tourism sector worker added.

Some Kilicdaroglu supporters tried to stay positive.

"I don't want to even think about a scenario in which Erdogan wins," Emin Serbest said as the last voted were being counted.

"If Kilicdaroglu wins... a beautiful time awaits us," said the 33-year-old Istanbul municipality worker.

- 'Identity, terrorism and security' -

But most analysts feel that Kilicdaroglu and his six-party opposition alliance will have a difficult time halting Erdogan's momentum over the coming two weeks.

"The president is likely to ride his strong approval rating, surprise win in parliament, and incumbency advantages to secure re-election," said Emre Peker of the Eurasia Group consultancy.

His ruling alliance's similarly strong performance in the legislative polls suggests "identity, terrorism and security issues played well with Erdogan's broader conservative base and helped the president make up for his economic shortcomings", he added.

Political risk consultant Anthony Skinner said Sunday's result underscored the difficulty of trying to gauge public opinion in the strongly polarised nation of 85 million people.

 

"It just goes to show how careful one needs to be when looking at public opinion polls prior to elections."

M.Yamazaki--JT