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Old 20th April 2019, 11:54   #2321 (permalink)
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Re: Watch The Lira Now

The boss is not a man for turning. One of his biggest self promoting achievements, rolled out on many occasions, is how on coming to power he personally saved Turkey from foreign interference in the economy by paying off the last of the IMF loans ... a loan needed due to the crisis state of the economy at the time..........

But now he has brought the country by his own inept micromanagement and ideology to the same state he found it in ...

Now, could it be because of his constant crowing of kicking out the IMF and Saving Turkey demonising the IMF ( sometimes justified, but when your on your knees) ..........he has now boxed himself into a corner, the economy is now in desperate need.............. getting worse with American sanctions looming.... over the buying of the s400 missles from Russia ........... normal sane people for the sake of the country and the people's living standards would bite the bullet .... use humility over ego.

ha ha what do we see instead ...........no humility but a suggestion for Turkey going forward is, siting the S400's in Qatar or Azerbaijan to circumvent US sanctions ...and set up plans to implement an IMF style program but without the IMF which experts say is unworkable and could further damage the economy , not a promising picture.

Turkey needs someone with a bit more humility than ego to get the economy back on track.
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Old 20th April 2019, 13:38   #2322 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by Camden View Post
The boss is not a man for turning. One of his biggest self promoting achievements, rolled out on many occasions, is how on coming to power he personally saved Turkey from foreign interference in the economy by paying off the last of the IMF loans ... a loan needed due to the crisis state of the economy at the time..........

But now he has brought the country by his own inept micromanagement and ideology to the same state he found it in ...

Now, could it be because of his constant crowing of kicking out the IMF and Saving Turkey demonising the IMF ( sometimes justified, but when your on your knees) ..........he has now boxed himself into a corner, the economy is now in desperate need.............. getting worse with American sanctions looming.... over the buying of the s400 missles from Russia ........... normal sane people for the sake of the country and the people's living standards would bite the bullet .... use humility over ego.

ha ha what do we see instead ...........no humility but a suggestion for Turkey going forward is, siting the S400's in Qatar or Azerbaijan to circumvent US sanctions ...and set up plans to implement an IMF style program but without the IMF which experts say is unworkable and could further damage the economy , not a promising picture.

Turkey needs someone with a bit more humility than ego to get the economy back on track.
I knew there was talk of an deal something like the IMF ,we will have to wait and see, I think this is an America idea about the S400's to help him save face ,But at what cost .
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Old 20th April 2019, 14:24   #2323 (permalink)
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Re: Watch The Lira Now

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Originally Posted by enoch View Post
I knew there was talk of an deal something like the IMF ,we will have to wait and see, I think this is an America idea about the S400's to help him save face ,But at what cost .
Turkey has a lot to lose with its insistence on Russian S400's . As the US has said they would not give the Turks the F35 Jet's they want, if they place the missiles in Turkey .

Which would mean no Turkish participation in the F35 program, including manufacturing parts, repairing and servicing the fighters, no Turkish companies allowed in the manufacturing and supply chain. Which will be another bad hit to the economy and jobs.

Still the Boss is hanging tough though... saying maybe Turkeys future is with Russian Jet technology........... not helped by the mixed signals coming from Trump seemingly contradicting his defence department and Congress with telephone calls promising that he “would take care of this issue.”

The boss will take advantage of these mixed signals, with divide and rule between Trump and Defence dept with the threat of buying Russian bringing Turkey closer to Putin ,he is the master of divide and rule having used it in the country for years...

Trump .... not much to differentiate between the two in ego's and Nationalist stubbornness.
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Old 20th April 2019, 16:54   #2324 (permalink)
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Re: Watch The Lira Now

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Trump .... not much to differentiate between the two in ego's and Nationalist stubbornness.
Both have elevated their daughters husbands to positions of power and authority beyond their worth,

Hang on, has anyone ever seen Erdogan and Trump in the same room together?
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Old 22nd April 2019, 13:17   #2325 (permalink)
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Re: Watch The Lira Now

Another expected blow to come for the Turkish economy ...Last week Turkey had said it expects the Trump administration to grant it a waiver on its Iranian oil imports.

Oil poor Turkey at present is able to buy 60,000 barrels per day from its neighbour Iran under the waiver, it was 200,000 bpd before Trump reimposed sanctions on Iran.

but according to the American journalist on his twitter who serves as a political analyst and foreign policy for Bloomberg he has said Turkey will not receive any waiver, this time from the Trump administration and will feel the
full blow of sanctions ...

Josh Rogin
Verified account
@joshrogin

Exclusive: No more waivers: The United States will try to force Iranian oil exports to zero https://www.washingtonpost.com/opini...=.003b0413b59f … #Breaking @washingtonpost


We will know soon as the US is set to announce that any countries that fail to halt Iranian oil imports by May 2 will face U.S. sanctions.
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Old 24th April 2019, 17:12   #2326 (permalink)
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Re: Watch The Lira Now

Turkey ignoring warnings, says economist

https://www.publicfinanceinternation...says-economist





If anyone was is doubt that Turks are suffering in this economic climate with debt, this sad sight was viral on twitter



This sad ad in Sultangazi district of Istanbul, a person had affixed this ad for sale in the area's bus stops.


It reads .....Emergency kidney for sale 0-negative. One kidney is for sale because of financial difficulties and debt. All my tests have just been done ın and there is a telephone number at the bottom of the written announcement.

Last edited by Camden; 24th April 2019 at 17:21..
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Old 24th April 2019, 19:26   #2327 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by Camden View Post
Turkey ignoring warnings, says economist

https://www.publicfinanceinternation...says-economist





If anyone was is doubt that Turks are suffering in this economic climate with debt, this sad sight was viral on twitter



This sad ad in Sultangazi district of Istanbul, a person had affixed this ad for sale in the area's bus stops.


It reads .....Emergency kidney for sale 0-negative. One kidney is for sale because of financial difficulties and debt. All my tests have just been done ın and there is a telephone number at the bottom of the written announcement.
To top it off the S400's and the F35's What next, new election?
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Old 24th April 2019, 20:05   #2328 (permalink)
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Re: Watch The Lira Now

Quote:
Originally Posted by Camden View Post
Turkey ignoring warnings, says economist

https://www.publicfinanceinternation...says-economist





If anyone was is doubt that Turks are suffering in this economic climate with debt, this sad sight was viral on twitter



This sad ad in Sultangazi district of Istanbul, a person had affixed this ad for sale in the area's bus stops.


It reads .....Emergency kidney for sale 0-negative. One kidney is for sale because of financial difficulties and debt. All my tests have just been done ın and there is a telephone number at the bottom of the written announcement.
This is just so sad. Life has been made so hard for people who are just trying to survive. xx
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Old 25th April 2019, 16:49   #2329 (permalink)
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Re: Watch The Lira Now

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Originally Posted by suecheshireuk View Post
This is just so sad. Life has been made so hard for people who are just trying to survive. xx
Survive after today. Dollar to reach 8.90 end of second quarter .

http://www.cumhuriyet.com.tr/haber/e...n_senaryo.html

Last edited by enoch; 25th April 2019 at 16:51..
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Old 26th April 2019, 08:45   #2330 (permalink)
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Re: Watch The Lira Now

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Originally Posted by enoch View Post
Survive after today. Dollar to reach 8.90 end of second quarter .

Türk Liras? için korkutan senaryo - Cumhuriyet Ekonomi Haberleri
I sincerely hope that this is not true, the repercussions for business owners and the man on the street would be catastrophic.
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