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Erdogan plears to economic 'triangle of evil'

Turkey will carry out structural reforms to break the “evil triangle” of interest rates, exchange rate inflation, according to Turkish President Recep Tayyip Erdogan. He added that Ankara is committed to creating a system based on manufacturing and employment, Reuters reported.
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Erdogan promised a package of judicial and economic reforms last month, creating expectations for the possible release of politicians from prison and human rights defenders, including from the Kurdish community. But recent comments by the president about court rulings have intensified skepticism about his promises, BTA notes.

Speaking via video link at a ceremony in Ankara, Erdogan said Turkey is pursuing democratic reforms not because it is “forced” to do so, but because “our people deserve them”. He added that the presentation of reforms in parliament would happen quickly.

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Turkish President Recep Tayyip Erdogan has stated the government's determination to introduce Turkey “into a new period of upturn in the economy and democracy,” Anadolu Agency reported.Erdogan wants rates reduced to single digit
Administrator • 2021-04-07 21:30:04