Turkey's Erdogan faces struggle to meet Syrian refugee promise
By Burcu Karakas, Ece Toksabay, Huseyin Hayatsever and Maya Gebeily
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By Burcu Karakas, Ece Toksabay, Huseyin Hayatsever and Maya Gebeily
Turks vote on Sunday in a presidential runoff that could see Tayyip Erdogan extend his rule into a third decade and intensify Turkey's increasingly authoritarian path, muscular foreign policy and unorthodox economic governance.
Days before Turkey's runoff presidential election, there is disagreement and uncertainty within Tayyip Erdogan's government over whether to stick with what some call an unsustainable economic programme or to abandon it, insiders say.
Turkey's dollar-denominated sovereign bonds slid further on Wednesday, and the cost of insuring government debt against default rose, as the post-election market rout following President Tayyip Erdogan's strong showing extended into a third session.
The result of Turkey's presidential vote bore no resemblance to pollsters' forecasts which pointed to the opposition candidate in the lead, compounding the surprise for markets and voters alike when President Tayyip Erdogan emerged ahead in the race.