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May 23, 2007 -

The Turkish Bulletin – May 23rd, 2007

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The IMF Board finally approved the 6th review with remarks over structural weaknesses.

On the political front, ANAP and DYP merged, creating the Democrat Party, while CHP and DSP have reached an arrangement to form an alliance for the general elections scheduled on July 22nd.

In the meantime, the markets are calmly awaiting President Sezer’s decision over the constitutional amendments which could lead to a referendum in case of a veto.

Turkish Newsletter – May, 23rd, 2007 (144 ko)