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Is it that hard to go beyond the orthodoxy?
The first credit facility Greece used had an interest three points higher than that on German bonds. Economic circles of the developed world have started to meet…
A fundamental problem: The rigidity of unemployment
It appears that the increase in the LFPR has prevented the fall in the non-agricultural unemployment rate to the pre-crisis level to a certain extent. Yesterday labor…
TRT-Arabic in action
TRT, Turkey’s public broadcaster, launched its Arabic-language station about a year ago. This was supposed to be the landmark for Turkey’s return to the region. What a…
Meanwhile on TRT-Arabic...
It is not France but Turkey that is the natural extension of Europe's soft power in its region. The Prime Minister of Turkey is making a successful official trip through…
On Israeli-PKK relations - I
Tension between Turkey and Israel is continuing with conflicting interpretations of events, as well as doses of verbal warfare. It is remarkable that the debate is so…
What is the most likely optimistic scenario?
Growth will be below the potential if the external conditions reflect caution. Have the fate of economies been bonded so closely to the steps that a couple of leaders…
Growth rate: Heads to where?
Growth performance was not surprising. Then, the "overheating" debates were intensified and the European crisis was yet to escalate. Gross domestic product (GDP) for the…
Sending non-Muslims away was a bad idea
Regional disparity is an important issue in Turkey. Take for example, the top 1,000 industrial companies list of the Istanbul Chamber of Industry (ISO-1000). Have you…
Have any step been taken?
Industrial production seems to have left behind the trough. The answer to the question to which extent the economy has overcome the trough is "so so". Yesterday…
Political stability does not guarantee policy stability
Second generation reforms are closely connected to how business is done and are associated with the structure of the public administration. Can Turkey become the tenth…
Does the CBT aim to gradually weaken the interest rate tool?
The new monetary policy makes me question whether the CBT is aiming to gradually weaken the short-term interest rate tool. From 2002 to the late 2008, when the global…