| By Filipe R Costa If I were President Erdogan, I wouldn't congratulate myself too precipitously upon the failed coup attempt. While his government survived the weekend's military coup, his country's future may have been compromised, as Turkey has just exploded the bridge that was guiding Turkey into the bosom of the developed world. This represents the regression of a decades-long goal for Turkey. Given the movements observed during the last few days, it seems like Erdogan was anxiously waiting for such an opportunity to proceed with massive changes to the structure of the military and civil service and to turn the country into a Putin-style society. But such moves come at a cost: Turkexit is now a reality. After decades of negotiations aimed at opening the EU door to Turkey, Erdogan has just found the exit without ever entering. Last Friday, the military invaded the streets of Ankara and Istanbul in a failed attempt to replace President Erdogan. Within hours, Erdogan's government managed to contain the plot. Even though 230 people died during the coup, it was not particularly violent, because it lasted just a few hours. But 6,000 people were arrested and another 35,000 soldiers, police officers, judges and civil servants were detained or suspended in less than 48 hours. There's no intelligence agency in the world capable of making such a complete list in years, let alone a few hours. The European Commissioner responsible for enlargement, Johannes Hahn, publicly condemned Erdogan's moves, claiming that lists of arrested judges seemed to have been pre-prepared. Nothing seems to be able to stop President Erdogan, who has fully embraced the opportunity presented by the failed coup to proceed with major alterations in Turkish society and to turn the country into a much more authoritarian one, in a clear divergence from the culture within the EU. President Erdogan even mentioned the possibility of restoring the death penalty, which was abolished in 2004... Click Here To Read The Full Story The Master Investor Market Report - The FTSE 100 closed the day at 6,728.99, an increase of 31.62 points.
- The FTSE 250 rose 112.63 points to finish at 17,018.89.
- The FTSE All Share climbed 18.09 points to finish at 3,644.05.
- The FTSE AIM All Share finished at 737.45, up by 6.98 points.
Shares in Electrocomponents (ECM) surged 10.1% to 284.50p after its performance in the quarter ended 30th June exceeded expectations in terms of cost reductions and margin improvements. Revenues climbed by a modest 1%, but recent changes in exchange rates would likely benefit the firm over the course of the financial year. Management expect to deliver £15 million in annualised cost savings this year, rising to £25 million by 2018. | 
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