AKP threat worsens turmoil in Turkey

Turkey’s financial markets plunged by as much as 9 per cent on the 17 March 2008 as investors already nervous about the global liquidity crisis took fright at the prospect that the governing party might be shut down. The country’s constitutional court said it would decide in 10 days whether to proceed with a case brought by Turkey’s senior prosecutor demanding the closure of the Justice and Development Party (AKP) for 'anti-secular activities'.