Turkish Prime Minister Davutoglu Stepping Down Amid Rift With President Erdogan

May 5, 2016 12:18 PM

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Turkish Prime Minister Davutoglu Stepping Down Amid Rift With President Erdogan

The two leaders had been locked in a bitter feud.

"These are critical developments in my mind in Turkey - likely setting the long-term direction of the country, both in terms of democracy, but (also) economic and social policy and geopolitical orientation," said Timothy Ash, strategist at Nomura and a veteran Turkey watcher.

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