Early Election Now Only Option for Turkey, Davutoglu Says

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A mosque is reflected in a poster of Turkish Prime Minister Ahmet Davutoglu on June 4, 2015, in Istanbul.

Photographer: Yasin Akgul/AFP via Getty Images

Turkey is headed for early elections after coalition negotiations with the opposition CHP party failed, Prime Minister Ahmet Davutoglu said on Thursday. His comments sent the lira to a record low.

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