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Vicious loop
The current public debt/GDP ratio in Italy is too high, at 120 percent. The main reason why the interest rate is high is the high level of public debt. During the…

Turkey’s new position and Israel’s interests
We are witnessing multi-faceted changes triggered by the Arab Spring. Changing balances and weakening state structures create risks for some and opportunities for…

Need for a new economic program (4)
It is quite difficult for Turkey to improve per capita income to the level of developed countries with the current savings rate. I started to write this series a while…

Need for a new economic program (3)
Turkey’s trade deficit heals during crises, but this is not exactly pleasing as the underlying reason of this improvement is the contraction of the economy. Merkel,…

Tahrir as a thermostat
Tahrir 2.0 has shown the control system is effective. Now Egyptians have to devise a way to transfer this function to the ballot box. You probably remember the…

One trouble at a time, please
Fitch Ratings cut Turkey’s outlook from positive to stable which means that Turkey no longer as attractive for investment in the short term despite its successful record…

Welcome, chaos
Despite all those exciting explanations and images, I am not hopeful – in the medium term – about the prognosis for the Arab Spring. I have four fundamental reasons for…

Need for a new economic program (2)
Turkey’s production is highly dependent on the import of intermediate goods and investments are highly dependent on the import of investment goods. Adding the fact that…

Need for a new economic program
The conclusion that Turkey needs a new economic program can be reached easily from many different perspectives. Unemployment rate which escalated during the global…

The Turkish Diaspora in the top ten
The Turkish diaspora is of great importance for lobbying activities in support of Turkey. The Foreign Economic Relations Board (DEİK) has been trying to organize the…

Current account deficit: heads to where?
Since we will have difficulty in accessing funds for borrowing, we will invest and consume less. This will contribute to current account balance positively. Last week…