FILE PHOTO: Turkey's Deputy Prime Minister Ali Babacan speaks during a news conference during the G20 finance ministers and central bank governors meeting in Istanbul February 9, 2015. REUTERS/Murad Sezer
ISTANBUL (Reuters) - Former Turkish deputy prime minister Ali Babacan will form a new political party by the end of the year to challenge President Tayyip Erdogan's ruling AK Party, announcing his intentions in an interview published Tuesday after months of speculation.
Babacan resigned from the AK Party (AKP) in July, citing "deep differences". He was a founding member of the AKP, serving as economy and foreign minister during its first years in power before becoming deputy prime minister, a role he held from 2009 to 2015.
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