Recep Tayyip Erdogan and Turkey

casting vote: When Turks go to the polls on Sunday 7 June, they'll be casting a vote, not just for the party they want to represent them, but on their entire political system, according to Bloomberg. That because President Recep Tayyip Erdogan is campaigning to change Turkey parliamentary democracy to an executive presidency, and remove the scourge of 'multi-headed decision-making' which he says is holding Turkey back from economic excellence. Kerem Uzel/Bloomberg Share on Facebook Share on Twitter Share on Linked InShare on Reddit Share on Google+E-mail Russia VTB says this is "the most difficult election to read since the ruling AK Party came to power in 2002.'' UBS says elections on June 7 "could transform Turkey political landscape.'' The president of the country says it going to be "a turning point in the nation history.'' Here why they're getting so worked up. Turkish bond yields have risen 3 times faster than those of any other major emerging market this year, and the lira been the worst-performing major world currency after Brazil real, so there no doubting the stakes are high.GDP growth also slipped to around 3 percent, after averaging above 5 in the ruling party first decade: the question for the electorate now is whether granting President Erdogan greater powers is going to help the economy change gear. The fact Erdogan had insult/defamation investigations opened against some 200 citizens during his first 6 months on the job is one clue he not content to use the powers of his office in the usual way. You're saying Turkey already has a president Turkey always had a president – and that Mr President to you. (news.financializer.com). As reported in the news.