Turkey commting assisted economic suicide?

Willempie

Ad Honorem
Jul 2015
4,328
Netherlands
#1
Today the Lira went to its lowest value. Today started already with a very low rate, then Erdogan gave a speech, which tanked it entirely. At that moment Trump kicked in and added extra tariffs on aluminium and steel for Turkey. My guess he had waited for that exact moment, to make the problems much bigger, unlike the EU he doesn't give a free pass on nastiness.

Linky: https://www.washingtonpost.com/worl...tweet-an-erdogan-speech-shook-turkeys-economy

Today's tanking (note this is from just before Trump's announcement):


This year's tanking:



I guess that this is what you get when you have an absolute nitwit in charge of finance (his son in law) and annoy just about every country around you.
 

AlpinLuke

Ad Honoris
Oct 2011
24,332
Lago Maggiore, Italy
#3
Geopolitics is a bad beast ... Turkey has risked to follow no more the United States about the interests of Washington in Middle East [about Syria, but also about Israel], while even Russia is ensuring US that Israeli borders are safe ...


NATO is not interested in Turkish internal politics, but sure NATO wants the members of the Alliance to follow the direction indicated by NATO. This means the direction indicated by Washington. This is why Trump is announcing higher customs duties on Turkish imported goods. Erdogan should have noted that at geopolitical level the Atlantic Alliance runs its own business, despite and regardless this or that democracy. Erdogan can become Sultan of Turkey if he wants, but he should remind that Turkey has to act within the limits of the geopolitical interests of the Alliance.
 

Willempie

Ad Honorem
Jul 2015
4,328
Netherlands
#4
Geopolitics is a bad beast ... Turkey has risked to follow no more the United States about the interests of Washington in Middle East [about Syria, but also about Israel], while even Russia is ensuring US that Israeli borders are safe ...


NATO is not interested in Turkish internal politics, but sure NATO wants the members of the Alliance to follow the direction indicated by NATO. This means the direction indicated by Washington. This is why Trump is announcing higher customs duties on Turkish imported goods. Erdogan should have noted that at geopolitical level the Atlantic Alliance runs its own business, despite and regardless this or that democracy. Erdogan can become Sultan of Turkey if he wants, but he should remind that Turkey has to act within the limits of the geopolitical interests of the Alliance.
The idiot thought he could act with impunity. A few years back Putin put him great trouble with his boycot. Now the US will do the same. And if the EU had any backbone they would do the same for all his insults and troubles he is making in the EU.
 

kandal

Ad Honorem
Aug 2015
2,239
USA
#5
The idiot thought he could act with impunity. A few years back Putin put him great trouble with his boycot. Now the US will do the same. And if the EU had any backbone they would do the same for all his insults and troubles he is making in the EU.
He floods EU with Muslims, all the while cursing them. He makes EU run around in circles. This EU has no spine. A guy like Erdogan with a mind of a medieval Turk needs a guy like Trump to make him behave. Teaching lessons have only begun, with the added help of sticks. It would be fun watching. The sad part is that Turkish people will be paying heavy for Erdogan's ego run.
 
Last edited:
Apr 2012
953
The Netherlands
#6
Well its not like the EU can really gain anything regardless of what they do with Erdogan. They can only lose.

If they stand up to Erdogan the floodgates open and the very same people who accuse the EU for a lack of spine will suddenly switch gears and say how foolish it was to give the dictator an excuse to open the floodgate and ''surrender us to the Islamic horde''. The EU can also keep lots of refugees locked up in Turkey like those people want but then those people will start complaining about a lack of spine without the self awareness to realize that them hyperventilating so much during the refugee crisis was exactly why a deal with Erdogan was struck in the first place.

Though I agree with the general sentiment that Trump's course is the right one for a change. Its time for Erdogan to face some opposition he can't lock up or don't have to fear populists gaining ground when he opens the floodgates.

The sad part is that Turkish people will be paying heavy for Erdogan's ego run.
And the Turkish people will only have themselves to blame. They should know that passionately supporting the same mixture of dictatorship and hyper conservative Islam that's failing all over the middle east would fail in Turkey too.
 

Willempie

Ad Honorem
Jul 2015
4,328
Netherlands
#7
He floods EU with Muslims, all the while cursing them. He makes EU run around in circles. This EU has no spine. A guy like Erdogan with a mind of a medieval Turk needs a guy like Trump to make him behave. Teaching lessons have only begun, with the added help of sticks. It would be fun watching. The sad part is that Turkish people will be paying heavy for Erdogan's ego run.
Latest (just after the Lira went down) is that he wants to pay for weekend schools here, "to teach Turkish" for children with Turkish background. Even when his country is in trouble he doesn't care. He only cares about the oversea votes.
 
Apr 2012
953
The Netherlands
#8
Latest (just after the Lira went down) is that he wants to pay for weekend schools here, "to teach Turkish" for children with Turkish background. Even when his country is in trouble he doesn't care. He only cares about the oversea votes.
Of course he does. Without those votes he'd probably have lost his precious referundum. It was supposedly a very narrow win and the oversea votes clinched the deal in his favor. I suspect that's why he engineered that whole mess in the Netherlands at the time.
 

Willempie

Ad Honorem
Jul 2015
4,328
Netherlands
#9
Well its not like the EU can really gain anything regardless of what they do with Erdogan. They can only lose.
Disagree. There is a huge internal problem with Turks, which needs addressing. I agree that in the short term it may be a problem, but you could start by closing the borders.
If they stand up to Erdogan the floodgates open and the very same people who accuse the EU for a lack of spine will suddenly switch gears and say how foolish it was to give the dictator an excuse to open the floodgate and ''surrender us to the Islamic horde''. The EU can also keep lots of refugees locked up in Turkey like those people want but then those people will start complaining about a lack of spine without the self awareness to realize that them hyperventilating so much during the refugee crisis was exactly why a deal with Erdogan was struck in the first place.
If you don't really address the problem you will always be liable to blackmail. No country should have accepted the drivel that Erdogan has directed to us and Germany.

A Holland or Germany without an EU would ever have accepted it btw.
Though I agree with the general sentiment that Trump's course is the right one for a change. Its time for Erdogan to face some opposition he can't lock up or don't have to fear populists gaining ground when he opens the floodgates.
Exactly.
And the Turkish people will only have themselves to blame. They should know that passionately supporting the same mixture of dictatorship and hyper conservative Islam that's failing all over the middle east would fail in Turkey too.
Unfortunately true.
 

Willempie

Ad Honorem
Jul 2015
4,328
Netherlands
#10
Of course he does. Without those votes he'd probably have lost his precious referundum. It was supposedly a very narrow win and the oversea votes clinched the deal in his favor. I suspect that's why he engineered that whole mess in the Netherlands at the time.
Whence we could also benefit from having an "idiot nitwit" at the helm, iso Rubber Rutte.
 

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