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The economy recovers, but...
On Monday a critical data was announced. Industrial production increased by 7.5 percent compared to the same period in the last year when elements like seasonal factors…
What is this ‘TEKEL workers’ issue about?
It is evident that given the current milieu, TEKEL workers are profoundly righteous; there is no need to hum and haw. There exists the risk of a deep social disaster…
Greece is definitely European Union’s concern
Public finance problems of Greece are an issue not only for Greece itself. In this context, the declaration made by Papaconstantinou, Finance Minister of Greece is not…
USA-Turkey: Medium term budget
On Monday, US budget for 2010 fiscal year was declared. According to this, the budget which recorded a deficit of 10% of the GDP in 2009 will have a higher deficit in…
What is Turkey’s growth strategy?
We started to talk about the dynamics of Turkey's economy. First of all in the last week, we addressed low savings rates. The step to be taken in this regard was to…
Why do many economists think inside the box?
I would like to start with a 'very difficult' question: How do you indicate the TL value of oranges that worth 5 liras per a kilogram in short? You say 5 liras/kg,…
Does growth have to be polluted?
Turkey has been changing impressively since 2002. It achieves high growth rates on the one hand and a rapidly changing economic structure on the other. Turkey has become…
Cannot we make a reform without the sledgehammer?
Turkey is in need of a wide platform of political consensus not only to change the Constitution but also to found the public budget on solid grounds. Democratic…
How to ensure the credibility and sustainability of the fiscal rule?
I would like to join others in writing on this issue; so that the readers of this column will understand that I also attended 'the meeting'. 'The' meeting was hosted by…
What is the reasonable and rational story for the year 2010?
Have you ever considered? If your job was to tell foreign investors the virtues of investing in Turkey what would you tell them in 2010? If they were not already…
Efficient financial markets
Eugene Fama has recently cancelled his subscription of the Economist magazine. The Economist has recently published a several articles on financial market bubbles. Fama…