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Having a low debt to GDP ratio doesn’t help if nobody is willing to lend you money. The yoeld on 10 year Turkish bonds is ~20%. In contrast it’s way cheaper for

by wwtrv 5y ago

Having a low debt to GDP ratio doesn’t help if nobody is willing to lend you money. The yoeld on 10 year Turkish bonds is ~20%. In contrast it’s way cheaper for Greece to pay interest on their debt despite having an over 200% debt ratio since they can borow with much lower interest (~1.3%).

1cvmask 5y ago
The US since Obama has put many informal sanctions on Turkey to choke the economy. In fact Obama failed to overthrow Erdogan during a coup attempt in July 2016 where he even tried to kill Erdogan and his family. They even managed to bomb the Turkish parliament during the CIA orchestrated coup attempt. The ring leader of the failed coup attempt resides under protection in Pennsylvania and had his residency endorsed by Graham Fuller, CIA head for Moslem countries, and other neocons. https://www.bbc.com/news/world-europe-42198399 https://www.bbc.com/news/world-europe-42198399
- WastingMyTime89 5y ago
  Please this is Hacker News not Erdogan daily. You are free to share the preposterous and outlandish propaganda used by Erdogan to justify his authoritarian reforms but don’t expect people to actually believe it. It’s even pointed in the BBC article you are citing despite it being overly sympathetic in my opinion: > To many Turkey-watchers, it smacks of outlandish conspiracy theories. But polls show a majority of Turks firmly believe that the CIA was involved in the failed coup.
- illys 5y ago
  Your article: "More than 50,000 people have been arrested in Turkey pending trial over links to Mr Gulen. Another 150,000 people have been sacked or suspended from jobs in the public and private sectors since the coup attempt on 15 July 2016." So it is a "coup" organized by 200.000 people? Or the destruction of all political opposition supported by some nice storytelling? It is always a good strategy for candidate dictators to point out the evil foreigners... It guarantees the simple-minded people support.
  - _v7gu 5y ago
    A coup organized by a cult with 200.000 members, who mostly obtained positions in government via nepotism. That shouldn't look so outlandish considering what happened in South Korea. Also to say, sacking people with cult involvement had universal support. The opposition parties always held very strong anti-cult positions for ever. Funnily enough, the cult itself was involved in destruction of political opposition via conspiracy (the Balyoz case) back when they were besties with the ruling party.

by wwtrv 5y ago

1cvmask 5y ago

The US since Obama has put many informal sanctions on Turkey to choke the economy. In fact Obama failed to overthrow Erdogan during a coup attempt in July 2016 where he even tried to kill Erdogan and his family. They even managed to bomb the Turkish parliament during the CIA orchestrated coup attempt. The ring leader of the failed coup attempt resides under protection in Pennsylvania and had his residency endorsed by Graham Fuller, CIA head for Moslem countries, and other neocons. https://www.bbc.com/news/world-europe-42198399 https://www.bbc.com/news/world-europe-42198399

WastingMyTime89 5y ago
Please this is Hacker News not Erdogan daily. You are free to share the preposterous and outlandish propaganda used by Erdogan to justify his authoritarian reforms but don’t expect people to actually believe it. It’s even pointed in the BBC article you are citing despite it being overly sympathetic in my opinion: > To many Turkey-watchers, it smacks of outlandish conspiracy theories. But polls show a majority of Turks firmly believe that the CIA was involved in the failed coup.
illys 5y ago
Your article: "More than 50,000 people have been arrested in Turkey pending trial over links to Mr Gulen. Another 150,000 people have been sacked or suspended from jobs in the public and private sectors since the coup attempt on 15 July 2016." So it is a "coup" organized by 200.000 people? Or the destruction of all political opposition supported by some nice storytelling? It is always a good strategy for candidate dictators to point out the evil foreigners... It guarantees the simple-minded people support.
- _v7gu 5y ago
  A coup organized by a cult with 200.000 members, who mostly obtained positions in government via nepotism. That shouldn't look so outlandish considering what happened in South Korea. Also to say, sacking people with cult involvement had universal support. The opposition parties always held very strong anti-cult positions for ever. Funnily enough, the cult itself was involved in destruction of political opposition via conspiracy (the Balyoz case) back when they were besties with the ruling party.