Atilla's Musings
Erdogan Says Only Traitors or Illiterates Link Rate to Inflation
Source:Bloomberg Date:28May2022
“Those who try to impose on us a link between the benchmark rate and inflation are either illiterates or traitors,” Erdogan said on Friday in Istanbul, addressing a group of businesspeople.
Defeating Erdoğan: Turkey’s opposition searches for a champion
Source:Financial Times Date:05May2022
The biggest fear for some in the opposition is that Kılıçdaroğlu will insist on nominating himself to run against Erdoğan — and that the Turkish president will eat him alive. Kılıçdaroğlu “is
Turkey Launches New Offensive Against PKK Rebels in Northern Iraq
Source:Voice of America Date:21Apr2022
This is a story with several sub-plots. PKK has been on the defensive in the last couple of years. Opposition experts claim the campaign is aimed at appealing to Turkey’s nationalist
How Turkey is courting Russia’s oligarchs
Source:The Economist Date:08Apr2022
An article by the Economist, driven by prejudice, rather than facts. Few oligarchs parcking their yachts in Turkish marinas doesn’t present sufficient cause top claim Ankara is already
Opinion: Why Russian negotiators, oligarchs and exiles are flocking to Turkey
Source:Washington Post Date:31Mar2022
At the outset of the war, Ankara’s balancing act between Russia and Ukraine seemed like a risky gambit, with Turkey selling armed drones to Ukraine while trying to preserve its uneasy partnership
Turkish opposition presents ‘historic’ pact to defeat Erdogan
Source:Financial Times Date:01Mar2022
Seren Selvin Korkmaz, executive director of the Istanbul-based think-tank IstanPol, described the declaration as “a historic day for Turkey”, adding that the fragmentation and polarisation of
Erdogan Ally Set to Benefit From Planned Turkey Election Change
Source:Bloomberg Date:16Feb2022
Bloomberg has got this story wrong. It is possible that after numerous delays, the amendments to the Electoral Law may be introduced–though I still have my dobuts. But, it has no effect
Why Turkey’s economic resilience has defied worst fears
Source:Financial Times Date:11Feb2022
The warnings back in 2011-2013 were ominous: “If the Turkish lira breaks through 2 against the dollar, the economy will implode.” Once the 2 was reached, the new implosion target moved to 3, then
Turkish lira steadies after tumbling 44% in tumultuous 2021
Source:Financial Times Date:28Jan2022
Laure Pitel has done an excellent job of tracking the developments that led to the stabilization of Turkish Lira. Her interviewees suspect CB intervention, albeit at a modest scale. I
Turkey Has a Message for Wall Street Doomsayers About Inflation
Source:Bloomberg Date:14Jan2022
Our finance minister is officially the laughing stock of the world. Yet, his inflation optimism may spell early elections by September-October. Consumer-price growth won’t accelerate after