Turkey’s political future is in limbo after talks between the ruling AK Party and the leftist MHP Party broke down.<br /><br /> Prime Minister Ahmet Davutoglu initiated the meeting following earlier failed discussions with the CHP Republican People’s Party.<br /><br /> Snap elections could be on the horizon if an agreement is not reached by August 23, 2015.<br /><br /> A sticking point at the talks appears to have been the two parties’ stances on the role of the president.<br /><br /> Historically, the president has been a figurehead. However in a recent address, Recep Tayyip Erdogan appeared to suggest he would extend his powers.<br /><br /> The MHP denounced Erdogan and said it wouldn’t support an AKP minority government or snap elections.<br /><br /> Economic and security concerns<br /><br /> Concerns over the political situation have seen the Turkish Lira hit a record low.<br /><br /> The economic and political uncertainty comes amid a host of national security threats within the country and at its borders. On the morning of the AK-MHP meeting, both leaders a
