Whichever foreign leader tries his or her hand in dealing with and instilling sense in Ankara feels, they are given short shrift sooner rather than later. The present foreign policy surfs on top of all these contradictions and an oriental sort of variable geometry. All business is transactional: leave it or take it.
Contrary to the official consumer confidence index, our figures tell a different story than the positive 20-point increase announced by TURKSTAT. Considering the fact that these indexes have a negative effect on the consumer confidence index these days, not taking them into account resulted in a very serious increase in the positive direction.
The effort of “trivializing the issues” demonstrates the stance of Turkey's economy administration of “intervening on the symptoms and not on the issues.” It is the effort to sooth the society, to narcotize them by saying, “If you do not know, have not heard of it, if you do not care, then you are happy.”
Unlike what those in Ankara who are managing the economy believe, 51 percent of the economy is not psychological perception, it is trust. Empires of fear do not generate trust.
Ayşegül Karakülhancı writes from Cologne: Germany is doing its best to protect Turkey. However, as the pressure grows within the EU its strength is fading. If Turkey plays its last card as it did in March and halts its cooperation with the EU with regards to the refugees, Merkel will irrevocably lose her bargaining power.
Ali Rıza Güngen writes: In Turkey, a portion of the risk stemming from foreign currency loans has been transferred to the public. In other words, not the individual debts but the risk has been spread to society.
Turkey's economy shrank by 9.9 percent between April and June compared to the same period last year, Turkish Statistical Institute (TÜİK) reported on Aug. 31. While less precipitous than expected, the drop in gross domestic product (GDP) was still historic compared to the first quarter at a seasonally and calendar-adjusted 11.0 percent, according to TÜİK.
Turkey's Central Bank on Aug. 19 cut the overnight limit for interbank money loans in half in an attempt to improve liquidity. The Turkish Lira has tumbled to record lows against the dollar over the last month, proving Ankara's currency interventions futile.
Turkish Treasury is “printing” forex bonds to create additional foreign currency for its own operations. Public banks, on the other hand, are spending their cash foreign currencies and replacing them with forex bonds the Treasury is printing.
Who is pleased with the presidential system in Turkey today? 61 percent of society prefers the parliamentary system as a form of governance. The change in the government system will serve as one of the opposition’s main issues in its communication as we approach the next election.
If the ruling Justice and Development Party (AKP) sees an increase in erosion of their votes and the increased possibility of losing power in a possible election then it would "use all the ammunition till it is finished" for their own political continuity. But this would indeed mean leaving a “gigantic wreckage” for the citizens of the country.
COVID-19 confirmed what I have always known and experienced - that even among white, middle-class families, household and childcare chores are hopelessly lopsided. While the “modern man” undertakes some of the chores, what he mostly takes over is either considered in line with male roles.
While they are no new demographic, the restless conservatives are getting stronger amongst the ruling People's Alliance electorate and the AKP base in particular. The Erdoğan and AKP that they had supported so buoyantly for the past decade are no longer the same.
The IMF has released an update of its World Economic Outlook, in which it projected the global economy contracting by 4.9 percent in 2020, a downward revision from its April forecast of a 3 percent contraction. As for Turkey, the organization has not changed its projection of 5 percent contraction in GDP.
Opposition İYİ Party leader Meral Akşener has slammed President Recep Tayyip Erdoğan's financial policies, accusing him of personally being responsible for the worst decade of Turkish unemployment in the country's history. The opposition leader also criticized the Turkish Statistical Institute (TÜİK) for narrowly defining unemployment, only to count individuals who made job applications in the last four weeks.