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Friday, August 17, 2018

A Turkish Collapse Revisited #TurkeyEconomy - Sigma Insight Turkey

A Turkish Collapse Revisited #TurkeyEconomy

As a friend of former Turkish prime minister Bülent Ecevit, I had a front seat in the stalls when the Turkish economy last collapsed in February 2001. Now I have a sense of déjà vu that the whole process is repeating itself, albeit for different reasons.

Bülent Ecevit was a decent man who tried to hold together a coalition government consisting of social democrats, conservatives and ultra-nationalists, but what brought both Ecevit and Turkey down was the issue of corruption. This began with a liquidity crisis in November 2000 and ended with a confrontation with President Ahmet Necdet Sezer at a meeting of the National Security Council on Monday, 19 February 2001.

More:A Turkish Collapse Revisited #TurkeyEconomy - Sigma Insight Turkey: A Turkish Collapse Revisited #TurkeyEconomy Posted by Robert Ellis | Aug 17, 2018 | Insights | 0 A Turkish Collapse Revisited #TurkeyEconomy