Erdogan may cash in on economy steps with early election, analysts say


FILE PHOTO: Supporters of Turkish President Tayyip Erdogan wave national flags during a ceremony in Istanbul, Turkey, November 5, 2021. REUTERS/Umit Bektas

ISTANBUL (Reuters) - Turkey's President Tayyip Erdogan has effectively opened the door to early elections, political analysts said, after two big recent announcements - a 50% rise in the minimum wage and a deposit-protection scheme that arrested a currency crash.

The announcements came within five days of each other as a grinding currency crisis hit a peak on Dec. 20 when the lira tanked to a record low of 18.4 to the dollar, deeply rattling the economy and households.

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