INDICES
  • Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%
-

EghtesadOnline: Ahmet Davutoglu, a one-time prime minister and chairman of Turkish President Recep Tayyip Erdogan’s ruling AK Party, announced he was resigning from the governing bloc and plans to form a new political movement.

“AK Party has waived its founding principles,” Davutoglu said, speaking at a press conference in Ankara. The fact that the party has taken disciplinary action against him, and other politicians that support him, means the organization has effectively “liquidated” the AK Party of 18 years ago, he said, Bloomberg reported.

Davutoglu served as premier and chairman of AK Party from 2014 to 2016 and is the second key political figure to resign from the movement cofounded by Erdogan in 2001. 

Ali Babacan, who served as vice premier for the economy and a foreign minister, severed ties with the party in July and plans to launch a political party later this year, Financial Tribune reported.

Davutoglu is working on establishing “a new political movement” based on the values and principles that the ruling party has lost, he said.

His speech was partially carried live on Halk TV, a channel affiliated with the opposition Republican People’s Party, and Davutoglu’s own Twitter feed. No mainstream TV channel broadcast the press conference.

In a separate development, Ibrahim Turhan, a former central bank deputy governor and the ex-chairman of Borsa Istanbul, said in a Twitter post that he had resigned from the AK Party. The party management sees the organization as “a family company,” Turhan said.

 

Turkey prime minister Erdogan Recep Tayyip Erdogan AK Party Former Turkish PM Davutoglu Quits Ruling Ahmet Davutoglu political movement