Turkey's ruling parties draft law suggesting vote more likely next year

FILE PHOTO: Turkish President Tayyip Erdogan (R) is pictured during the International Istanbul Law Congress in Istanbul, Turkey, October 17, 2016. REUTERS/Murad Sezer/File Photo

ANKARA (Reuters) - Turkish President Tayyip Erdogan's ruling AK Party and its nationalist MHP allies said on Monday they were presenting a draft election law to parliament that analysts say decreases the likelihood of elections this year.

The draft law would lower the minimum required votes for a party to enter parliament to 7% from 10%, and would adopt new regulations on alliances between parties, they said.