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Sunday, January 15, 2017

Turkish MPs back new constitution boosting Erdogan's powers - BBC News

Turkish MPs back new constitution boosting Erdogan's powers

Turkey's parliament has given preliminary approval to a new constitution which will increase the powers of President Recep Tayyip Erdogan.

More:Turkish MPs back new constitution boosting Erdogan's powers - BBC News

Is this the end of the republic and Islamism? - NURAY MERT

Is this the end of the republic and Islamism?

Paradoxically, the end of the secular republic in Turkey also marks the end of Islamism or Islamist politics in Turkey and elsewhere. The Turkish Parliament is currently voting on a constitutional change that will usher in a so-called Turkish type of presidential system, or “President of the Republic System” as the governing party dubs it. This system is nothing but an authoritarian executive regime that not only promises less democracy, but also hints at the end of the secular regime once established. The supporters of the Islamist ruling party have already started to question the legitimacy of the secular political system, suggesting “a native sort of alternative democracy” more openly than before.

More:Is this the end of the republic and Islamism? - NURAY MERT

Saturday, January 14, 2017

Terror, Trump and nationalism complicating Turkey's economic recovery - World - CBC News

Terror, Trump and nationalism complicating Turkey's economic recovery

Bomb attacks, July coup attempt among factors hurting Turkish economy

More:Terror, Trump and nationalism complicating Turkey's economic recovery - World - CBC News

Turkey's Lira Decline - Rooting Out The Speculators Isn't The Solution Gentlemen

Turkey's Lira Decline - Rooting Out The Speculators Isn't The Solution Gentlemen

Tim Worstall ,

This is not an unusual occurrence, something appears to go wrong with an economy and the government then insists that it's all the speculators' fault. Thus the solution is to root out the speculators and everything will be fine. Except, of course, this is not entirely nor absolutely what is happening. Speculation does indeed of course exist, as do speculators. But speculators who manage to make money (and the other kind, those who lose it, rapidly leave the market through being bankrupt) act upon some underlying thing which is going wrong with an economy. They are a symptom, not a cause.

More:Turkey's Lira Decline - Rooting Out The Speculators Isn't The Solution Gentlemen