Constitutional Reform Risks

On March 22, the Turkish government announced major reforms to the country's constitution, partly in line with domestic political objectives but also to meet EU accession demands. At the core of the amendments are plans to make it much more difficult to ban political parties while also limiting powers of the military and judiciary. We believe it will be difficult for the ruling Justice and Development Party (AKP) to find opposition support to achieve the two-thirds majority in parliament necessary to pass the amendments without a referendum. That said, with the AKP maintaining majority support among the electorate, we believe

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