Quake, Erdogan Push Turkish Economy to the Brink of Disaster:
– The true death toll from the quakes may have reached 100K, while damage estimates range from $60-100 bn.
– Erdogan is responsible for compounding the cost of the disaster. He committed four cardinal sins.
– Quake and Erdogan’s irrational economic ideas have pushed the Turkish economy to the brink of the disaster.
– Specifically, Turkey is going to witness unsustainable external deficits and run-away inflation.
– Erdogan is now coming a fifth mortal sin by rushing into a massive rebuilding drive.
– Central Bank is rapidly losing FX reserves, meaning a currency crisis or capital controls may be underway.
Source Material:
Turkey counts massive cost of rebuilding shattered towns and cities:
Erdogan pledges to build 200 thousand homes in quake zone:
An act of God caused the earthquake in Turkey – murderous corruption caused so many deaths:
Forbes: Three Things That Went Wrong In Turkey’s Earthquake Response:
Turkey dug deep into reserves to keep lira stable through quake -bankers:
Erdoğan Can’t Hide Any Longer:
Massive Earthquake Could Reshape Turkish and Syrian Politics:
For more;
www.paturkey.com
Follow & read the latest Independent news from Turkey in English ►
For sponsorship, ad, and other business inquiries ► business@contentcommercialization.com
#RealTurkey #Turkey #turkeyearthquake2023
source