Dec 23 2017

Erdoğan is “running scared” - blogger

Moves by Turkish President Recep Tayyip Erdoğan to secure his complete control over the country may backfire by ultimately damaging the economy, Conn Hallinan, a columnist for Foreign Policy in Focus, blogged.

“Erdogan has enormous power and has out-muscled and out-manoeuvred his opponents for the past 20 years. But Turks are growing weary of his rule and, if the economy stumbles, he may be vulnerable,” Hallinan said.

“That’s why he is running scared.”

Hallinan quoted economist Timur Kuran of Duke University as saying that the Justice and Development Party (AKP) were doing “massive long-term damage to the Turkish economy”.

“Corruption is up, the quality of education has fallen, the courts are massively politicized, and the people are afraid to speak honestly.”

Meanwhile, the large amount of short-term high-risk financing in the economy “makes Turkey highly vulnerable to a shock that might cause an outflow of resources,” Kuran said.

 

Click here for the full piece