Süddeutsche Zeitung: Erdogan leads Turkey to the abyss

The German newspaper Süddeutsche Zeitung describes the more than marginal state of the Turkish economy, for which President Erdogan himself is responsible, as the commentator points out.

Giving a historical look at Kemal Ataturk, the founder of modern Turkey, he says that Erdogan, in his 18 years in power, has left his mark more than any other politician since.

“But now, because of the economic crisis, the Turkish president is losing support and leading the country into the abyss. and low wages, businessmen are being pushed to invest, while foreign companies are being urged to invest in the country to boost the paralyzed economy, which is why Turks should thank Erdogan in 2023 for coming to the polls. Jubilee for the 100th Anniversary of the Turkish Republic “.

The columnist cites economists’ predictions of impoverishment, to which people are driven by high inflation. “Due to the weak pound the country can not pay the imports, on which it depends and service its foreign debt. The collapse of the pound mainly causes losses. The weakened Central Bank said that the collapse of the currency due to the unilateral policy of the president At the same time as interest rate policy, Erdogan is becoming politically vulnerable. but which is difficult due to the complexity of the financial processes “.

DW – Irini Anastassopoulou