The Crisis in Turkey Is Serious, and It's More Than Financial
Robert D. Kaplan Wednesday, February 28, 2001
STOCKBRIDGE, Massachusetts Late last week in Turkey, the stock market declined by 18 percent and the lira lost a third of its value. Interest rates have soared to several thousand percent, and inflation is around 30 percent.
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What reportedly scared away investors was a publicized argument between President Ahmet Necdet Sezer and Prime Minister Bulent Ecevit, whom the president had accused of being too lenient toward corrupt politicians. But that was merely the beginning of the crisis, not its underlying cause.
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iht.com
That's an interesting article.... It rightfully points to the geostrategic nature of the Turkish crisis. Yet the author sees the US as the only power to salvage Turkey --but how about Europe, how about the EU?? Did I hear "blind spot"? Actually, it should be up to the European Union to take care of Turkey and stop snubing it as a hopeless gatecrasher....
Gus. |
