"Turkey will hold new parliamentary elections -- probably on November 1," President Recep Tayyip Erdogan said on Friday.
Following the June 7 general election which resulted in no single-party majority, Prime Minister Ahmet Davutoglu was asked by Erdogan to form a new government on July 9 within a 45-day time frame, which ends on Sunday.
"After 45 days, I will meet my parliament speaker again and after this talk, we will hopefully bring our country to an early election," said Erdogan. "Hopefully, Turkey will again hold an election on Nov. 1."
Since July 13, Davutoglu met with both Republican People's Party (CHP) leader Kemal Kilicdaroglu and Nationalist Movement Party (MHP) leader Devlet Bahceli for coalition talks that in the end proved fruitless.
According to Turkey’s constitution, when the 45-day deadline expires without formation of a government, the president can decide to hold a new election.
If Erdogan calls a snap election on Sunday, Davutoglu must form a caretaker government within five days, according to Article 114 of the constitution.