Archive for the ‘Erdogan’ Category

Erdogan says interest rates will be lowered and inflation …

A vendor waits for customers at his stall in a street market in Istanbul, Turkey, January 4, 2022. REUTERS/Murad Sezer/File Photo

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ANKARA, Jan 29 (Reuters) - President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be lowered further and inflation would fall as a result, days before inflation data for January is announced, adding Turkey's economic woes would pass.

Embroiled in a currency crisis fuelled by the central bank's move to slash rates by 500 basis points since September as part of an economic model engineered by Erdogan, Turkey saw December inflation soar to its highest level in Erdogan's 19-year rule.

A Reuters poll on Friday showed it is expected to hit a near 20-year high of 47% in January. read more

"You know of my battle with interest rates. We are lowering interest rates and we will lower them. Know that inflation will fall too then, it will fall more," Erdogan told supporters in the Black Sea province of Giresun.

"Exchange rate will stabilise and inflation will fall, prices will fall too, all of these are temporary."

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Reporting by Tuvan Gumrukcu; editing by Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

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Erdogan says interest rates will be lowered and inflation ...

In the mind of Erdogan – Kathimerini English Edition

For a few days now, we have been living in a different world. No one, neither veteran politician Henry Kissinger nor public intellectual Yuval Noah Harari, can predict what this world will be like when the dust settles and we can see what dawns.

The tragedy unfolding in Ukraine will surely affect us here in Greece as well. I constantly hear people around me worried about whether Turkish President Recep Tayyip Erdogan will try something similar in Greece. It is certainly very difficult to get into Erdogans mind, much like Vladimir Putins mind.

The truth is that the scenario of an incident caused by Turkey worried me a lot, especially in view of the impasses at which the Turkish leader finds himself. The crisis in Ukraine will act as a deterrent. First of all, because the revisionism and changing borders with the use of force can no longer be accepted. The hypocrisy and flexibility that some of our partners showed until recently with regard to Turkey, and the possibility of turning a blind eye to such an incident in the future are minimal. Double standards cannot exist not in this environment. Borders do not change with the use of violence in Europe.

But something else has changed as well: the role of European public opinion and social media. Until recently, social media created instability within the West itself, as we saw with former US president Donald Trump and Brexit. Now, they have pushed European leaders to make decisions that one could not have imagined a while ago. In a special way, they strengthen the underdog and target the attacker.

Erdogan would have to face all this if he tried something in the Aegean. No cynical or hypocritical European leadership could stop the backlash. Greece also has a huge stock of soft power, it has friends, it has its diaspora, it has people who love it for different reasons.

Of course, soft power is good, but it is not enough. We need alliances and defense shields, which we have and work for as a country, so we can sleep peacefully at night. But we may have gained some time and peace with our neighbors, at least for a while. At least thats what a reasonable mind would think.

An over-optimistic mind might even think that in such turmoil, opportunities are created for an agreed period of calm. But who can tell us what is in Erdogans mind?

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In the mind of Erdogan - Kathimerini English Edition

Putin and Erdogan: Architects of Revisionism – Greek Reporter

Russian President Vladimir Putin shaking hands with his Turkish counterpart, Recep Tayyip Erdogan. Credit: Kremlin/Wikimedia Commons CC BY 4.0

President Vladimir Putin is now showing the world signs of Russian revisionism by violating international law and disregarding international treaties. In Putins logic, justifying his invasion of a neighboring country, if Ukraine was once part of the Soviet Union, why shouldnt it be part of Russia now?

Some of the excuses the Russian leader used were that Ukraine is governed by a strawman and it harbors many neo-Nazis who are a threat to the lives of Russians living in the country. Never mind that its President, Volodymyr Zelensky, and Prime Minister, Denis Schmyhal, are both Jewish.

Last year, the Russian president stated that Russians and Ukrainians are one people, while in the past he had called the 1991 Ukrainian referendum for independence a mistake.

Putins rhetoric and justification of the invasion to another country reminds Greeks of the openly revisionist stance of Turkish President Recep Tayyip Erdogan.

Ankara claims that Greek islands close to its shores should belong to Turkey, or that the 1923 population exchange Turks living in Western Thrace are Turkish citizens; therefore Thrace also belongs to Turkey.

The close ties and exchanges between Putin and Erdogan make the two leaders appear to be architects of revisionism in sensitive geopolitical terrain including Eastern Europe, the Balkans and the Eastern Mediterranean.

Putins double talk promising the West that he will not attack Ukraine and yet invading the country two days later shows complete and utter disrespect for western powers and the EU.

At the same time, Russia threatens Sweden and Finland that if they dare join NATO, they will have to face the consequences. The Russian hegemon seems to view Europe as a soft military power that does not pose a threat to his might.

Similarly, the Turkish president exhibits his own revisionism by speaking of his vision to revive the Ottoman Empire of old, while at the same time negotiating with Europe for Turkeys accession to the EU.

On his part, as regards the military, Erdogan tries to keep one foot in NATO and the other in Russia. He buys the S-400 missile system from Russia and at the same time pledges allegiance to the Alliance.

For Putin it is Ukraine. For Erdogan its is Greece and Cyprus, two countries that he and his staff openly bully and threaten, while repeatedly violating their territorial rights.

Greek and Cypriot analysts see that Erdogan is likely to follow Putins Ukraine strategy in Greece and Cyprus. Not now that the Turkish economy is at an alarming low, perhaps but later on in the future, depending on the outcome and repercussions of Russias aggression.

Analysts believe that the occupied part of Cyprus is the easiest target for satisfying Erdogans taste for an empire of his own.

A large Turkish military presence in north Cyprus and the establishment of a pseudo-state is something that of course has been going on since the 1974 invasion.

Then there are always the repeated violations of Cyprus exclusive economic zone and claims that the islands natural resources belong to the Turkish Cypriots as well.

As for Greece itself, it appears to be much less likely to become ground for Ankaras revisionism than Cyprus.

The two neighbors are NATO allies, while at the same time Greeces military strength and preparedness do not pass unnoticed by Turkeys general staff.

Turkeys pretexts that Greece refuses to demilitarize its islands and the alleged oppression of Muslim minorities in Thrace are weak excuses for a possible attack against the country.

There are opposing views albeit only few to this argument, saying that Erdogan is unpredictable and may make a final move to attack Greece in the hope that the rest of the world is focusing in Ukraine at the moment.

Such a move, though, would be the final blow to the staggering Turkish economy. Adding to that the sanctions imposed by the international community on such an aggressive act, it would be the last nail in the coffin of Turkeys economy.

For Erdogan, it is difficult to keep his balance between Moscow and Brussels, between NATO and Putin. Any choice will cost him. And after the invasion of Ukraine, Erdogans tango between Moscow and Washington is becoming even more dangerous.

International treaties and agreements, which reflected the positions of the powerful and secured the safety of the less powerful are shaken, if not annulled, today.

Ukraine is the blackboard on which Putin tries to rewrite history based on nationalistic mythology, on a delusion of grandeur of a Russian Empire of the past.

Unfortunately for the rest of the world, he chose to rewrite it in blood.

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Putin and Erdogan: Architects of Revisionism - Greek Reporter

Erdogan Arrives in Kyiv and Reiterates Support for Ukraines Sovereignty – The New York Times

  1. Erdogan Arrives in Kyiv and Reiterates Support for Ukraines Sovereignty  The New York Times
  2. Turkey's Recep Tayyip Erdogan is the latest leader to visit Ukraine  The Washington Post
  3. Erdogan offers Ukraine-Russia peace summit to defuse crisis  Al Jazeera English
  4. Erdogan says Biden, West have not helped solve Ukraine crisis -media  Reuters
  5. Can Erdoan and Putin visits become a milestone? | Daily Sabah  Daily Sabah
  6. View Full Coverage on Google News

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Erdogan Arrives in Kyiv and Reiterates Support for Ukraines Sovereignty - The New York Times

Erdogan says Turkey will not respect Council of Europe – Reuters

ANKARA, Feb 3 (Reuters) - Turkey will not respect the Council of Europe if it does not respect Turkish courts, President Tayyip Erdogan said on Thursday, when asked about a decision to refer the case against philanthropist Osman Kavala back to a top European court.

Kavala, one of Turkey's highest-profile detainees, has been held for more than four years without a conviction.

The European Court of Human Rights (ECHR) ruled more than two years ago that Kavala should be released immediately and said his detention served to silence him, but Turkey has not carried out the ruling.

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The Council said on Thursday that its committee had referred the case to the ECHR to determine whether Turkey has failed to meet its obligation to implement the court's judgment in line with the European Convention on Human Rights. read more

The referral to the ECHR is the next step in "infringement proceedings" that could result in Turkey's suspension from the Council of Europe, of which it is a founding member.

"The Committee found that, by failing to ensure Mr Kavala's immediate release, Turkey is refusing to abide by the Court's final judgment in his case," it said in a statement.

At a news conference, Erdogan said Turkey will not recognise those who do not recognise its courts.

"What the ECHR has said, what the Council of Europe says, this doesn't concern us much because we expect our courts to be respected," he said.

"To those who don't show this respect: excuse us, but we will have no respect for them either," Erdogan added.

The foreign ministry said on Wednesday Turkey had carried out the ECHR ruling and that Kavala was detained for a different judicial proceeding.

Kavala was acquitted in 2020 of charges related to 2013 nationwide protests. Hours later, another court ordered his arrest based on a charge of attempting to overthrow the constitutional order related to the 2016 coup attempt, which the ECHR had also said lacked basis.

That court later ruled to release him on that charge but ordered his detention on an espionage charge in the same case, a move critics said was aimed at circumventing the ECHR ruling.

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Reporting by Tuvan Gumrukcu, Ece Toksabay and Daren Butler; Writing by Ali Kucukgocmen; Editing by Daren Butler and Jonathan Spicer

Our Standards: The Thomson Reuters Trust Principles.

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Erdogan says Turkey will not respect Council of Europe - Reuters